Al Maya Trading Establishment v. Global Export Marketing Co., Ltd.
Al Maya Trading Establishment |
Global Export Marketing Co., Ltd. |
1:2016cv02140 |
March 23, 2016 |
US District Court for the Southern District of New York |
Foley Square Office |
XX Out of U.S. |
Ronnie Abrams |
Other Statutory Actions |
9 U.S.C. ยง 9 |
None |
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Document Text |
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Filing 49 OPINION & ORDER re: 34 MOTION for Sanctions/Petitioner's Notice of Motion Seeking Sanctions Pursuant to Rule 11 filed by Al Maya Trading Establishment, 19 MOTION to Vacate Cross-Petition to Vacate Final Arbitration A ward filed by Global Export Marketing Co., Ltd. For the foregoing reasons, the Final Award is confirmed as modified, and GEMCO's motion to vacate and Al Maya's motion for sanctions are denied. GEMCO shall pay A l Maya $5,807,023.52 plus pre-judgment and post-judgment interest. Pre-judgment interest shall be calculated at a rate of nine percent from March 4, 2016 until the date of entry of judgment. Postjudgment interest shall be calculated in accordance with 28 U.S.C. § 1961. The Clerk of Court is respectfully directed to close this case. (As further set forth in this Opinion & Order.) (Signed by Judge Ronnie Abrams on 3/17/2017) (mro) |
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Defendant: Global Export Marketing Co., Ltd. | |
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Plaintiff: Al Maya Trading Establishment | |
Represented By: | Mitchell Alan Karlan |
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