11th Circuit Affirms Denial of IMAX’s Petition To Vacate $971K Arbitral Award

Mealey's (June 1, 2020, 12:47 PM EDT) -- ATLANTA — An 11th Circuit U.S. Court of Appeals panel on May 28 affirmed a Florida federal court’s denial of a petition to vacate an arbitral award of $971,525.38 against IMAX Corp. for a theatrical projection systems sales dispute, finding that the district court properly found that IMAX failed to establish any defense to enforcement under the New York Convention or the Federal Arbitration Act (FAA) (IMAX Corp. v. Giencourt Investments, S.A, No. 20-10491, 11th Cir., 2020 U.S. App. LEXIS 16936)....