2nd Circuit Affirms $450M Award Against Chinese Movie Theater Owner

( March 21, 2024, 2:34 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on March 20 affirmed denial of reconsideration and entry of judgment for more than $450 million reflecting a confirmed China International Economic and Trade Arbitration Commission (CIETAC) arbitral award against the owner and operator of a Chinese movie theater company, finding the award-debtor was adequately notified and given a chance to participate in the arbitration....