Federal Judge Confirms Award Issued Over Greek Vessel Purchase

Mealey's (May 2, 2019, 2:10 PM EDT) -- NEW YORK — After determining that no grounds existed to decline confirmation of an arbitral award issued in favor of a classification society for a vessel and that the other party did not oppose recognition of the award, a New York federal judge on May 1 granted a motion to confirm the award in the amount of $168,090.19 (Bailey Shipping, Ltd. v. American Bureau of Shipping, et al., No. 12-5959, S.D. N.Y., 2019 U.S. Dist. LEXIS 73394)....