Mealey's Litigation Procedure - 2nd Circuit Vacates Order Confirming $932 Million International Award

Mealey's Litigation Procedure - 2nd Circuit Vacates Order Confirming $932 Million International Award

NEW YORK - After finding that a Turkish joint stock company had insufficient contacts with New York to subject it to general jurisdiction, the Second Circuit U.S. Court of Appeals on April 25 reversed a decision refusing to dismiss the case for lack of personal jurisdiction and vacated an order enforcing a $932 million arbitral award issued in favor of a Netherlands entity (Sonera Holding B.V. v. Cukurova Holding A.S., No. 12-4280, 2nd Cir.).

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