Judge: No Reconsideration For Confirmation Of $51.7M Award Against UAE Entity

Mealey's (March 18, 2020, 3:01 PM EDT) -- NEW YORK — A New York federal judge on March 9 declined to reconsider his confirmation of a $51,747,681.96 arbitral award issued in favor of a lessor of three aircrafts because a United Arab Emirates (UAE) joint stock company failed to show that arbitrators misapplied UAE law or that they acted in “manifest disregard” of the law (Cessna Finance Corporation v. Al Ghaith Holding Company PJSC, No. 15-9857, S.D. N.Y., 2020 U.S. Dist. LEXIS 40421)....