Chinese Company Seeks To Reverse Confirmation Of Award Based On Unsigned Contract

Mealey's (June 4, 2020, 8:44 AM EDT) -- SAN FRANCISCO — A Chinese development company and its Hong Kong subsidiary in a May 20 brief urge the Ninth Circuit U.S. Court of Appeals to reverse a district court’s confirmation of a $9.3 million arbitral award that they contend manifestly disregarded contract law and exceeded the scope of the submission to arbitration by binding the parties to an unsigned draft of a proposed contract (China Fortune Land Development, et al. v. 1955 Capital Fund I GP LLC, et al., No. 20-15269, 9th Cir.)...