Judge Confirms $139 Million Hong Kong Award Issued In Investment Dispute
(November 16, 2015, 1:55 PM EST) -- DETROIT — A Michigan federal judge on Nov. 13 granted a petition to confirm a $139 million award issued in favor of several corporations and against a Chinese investor in a communications company, finding that proper notice of the arbitration in Hong Kong was given (Intel Capital [Cayman] Corporation, et al. v. Shan Yi, No. 15-mc-50406, E.D. Mich.; 2015 U.S. Dist. LEXIS 153495).
(Opinion available. Document #05-151124-017Z.)
Intel Capital (Cayman) Corp., Intel Capital Corp. and Deutsche Telekom, AG filed a petition to confirm an arbitration award...