High Court To Review Reversal Of $1.3B Award In Indian Satellite Row

(October 4, 2024, 10:13 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Oct. 4 granted and consolidated two petitions for certiorari filed by an Indian satellite company and by its shareholders and subsidiary, all of whom sought review of the Ninth Circuit U.S. Court of Appeals’ reversal on jurisdictional grounds of a $1.3 billion arbitral award in their favor based on circuit precedent regarding the Foreign Sovereign Immunities Act (FSIA)....