Florida Emerges as the Place to Enforce Foreign Arbitral Awards
Cross-Border Asset Recovery Co-Chair Kevin Ainsworth and Associate Valerie Phan recently wrote an article in Bloomberg Law about Florida’s enforcement of foreign arbitral awards. The authors specifically discuss a recent decision in Noble Prestige Ltd. v. Horn, and how it reinforces the Southern District of Florida as a favorable venue for enforcing certain awards as it stands.
The authors write, “A line of cases is developing in the Southern District of Florida that in some circumstances limits the time for raising such defenses, further strengthening the award creditor’s position and requiring the award debtor take prompt action to preserve its Article V defenses.”
Reproduced with permission. Published July 15, 2024. Copyright 2024 Bloomberg Industry Group 800-372-1033. For further use please visit https://www.bloombergindustry.com/copyright-and-usage-guidelines-copyright/
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