Judge Confirms $3.2M Award, Finds Company Cannot Withhold Taxes
(November 4, 2016, 12:19 PM EDT) -- NEW YORK — A New York federal judge on Nov. 3 granted an English company's petition to confirm a $3.2 million arbitral award plus interest issued in its favor in relation to a patent license agreement dispute, finding that the respondent was not entitled to deduct amounts from the award to satisfy Taiwanese tax laws (Mondis Technology Ltd. v. Wistron Corporation, No. 15-CV-02340, S.D. N.Y.; 2016 U.S. Dist. LEXIS 152785).
(Opinion available. Document #05-161122-003Z.)
Mondis Technology Ltd. filed a petition to confirm an arbitral award in...