Motion To Confirm $166.6M Arbitral Award Granted To Dutch Insolvency Practitioners

(August 9, 2024, 11:51 AM EDT) -- GREENSBORO, N.C. — A North Carolina federal judge on Aug. 8 granted a motion filed by Dutch insolvency practitioners for a Dutch insurer in liquidation to confirm a Dutch tribunal’s arbitral award and judgment, which converts from euros to $166,600,942, finding that the respondents, a former owner of insolvent insurers and his related companies, failed to establish “any grounds for a refusal to confirm the award.”...