December 6, 2018

$100 Million Arbitration Award Supported by “Even a Barely Colorable Justification” Upheld Under the FAA

A $100 million arbitration award against NutraSweet was reinstated by a New York state appellate court due to the “emphatic federal policy in favor of arbitral dispute resolution embodied in the FAA, a policy that applies with special force in the field of international commerce.” NutraSweet’s acquisition of a Korean aspartame producer went sour, and the two companies proceeded to arbitration.

Read the source article at JD Supra.

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