English Justice Sets Aside Award, Enters $3M Judgment For Shipping Company

(March 7, 2016, 10:35 AM EST) -- LONDON — An English justice on Feb. 23 granted a shipping company's appeal of an arbitration award, setting aside a tribunal's decision and substituting it with an award of $3,025,800 (Glory Wealth Shipping Ltd. v. Flame S.A., No. [2016] EWHC 293 [Comm], England and Wales High, Comm.).

(Judgment available. Document # 05-160322-010X.)

Glory Wealth Shipping Ltd. filed an appeal of an arbitration award pursuant to Section 69 of the Arbitration Act 1996. This was the second appeal between the parties filed under the act.

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