Judge Partly Vacates Award Holding Nonsignatories Liable For Pre-Award Interest

Mealey's (January 13, 2023, 2:58 PM EST) -- HOUSTON — A Texas federal judge on Jan. 12 vacated the portion of a nearly $30 million arbitral award holding nonsignatory Chinese, British Virgin Islands (BVI) and Bermuda entities liable for more than $21 million in pre-award interest under an award that was previously confirmed in favor of a Texas company against a BVI entity but declined to vacate the portion of the award against the nonsignatories for attorney fees and arbitration costs....