2nd Circuit: U.S. Court Lacks Jurisdiction Over Petition To Vacate Arbitral Award

Mealey's (April 24, 2020, 2:38 PM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on April 3 in a nonprecedential order affirmed a district court’s dismissal of a petition to vacate an arbitral award issued in the United Kingdom, holding that under the New York Convention, primary jurisdiction over petitions to modify or vacate an award lies in the country where the award is made (Antoine Savine v. Interactive Brokers LLC, No. 19-2747, 2nd. Cir., 2020 U.S. App. LEXIS 10500)....