11th Circuit Affirms Confirmation Of $29.2M Award For Del Monte

Mealey's (April 24, 2019, 11:41 AM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on April 23 affirmed a district court’s confirmation of a $29,290,440 international arbitration award issued for Del Monte International GMBH in relation to a contract for the sale of pineapple seeds, holding that a Costa Rican entity failed to show that the court lacked subject matter jurisdiction over its petition to vacate the award and that the tribunal did not exceed its authority (Inversiones Y Procesadora Tropical Inprotsa, S.A. v. Del Monte International GMBH, Nos. 16-17623; 17-12163, 11th Cir., 2019 U.S. App. LEXIS 11782)....