Judge Confirms $2.8M Award Against Lebanese Bank Despite Application To Annul

Mealey's (April 11, 2022, 1:22 PM EDT) -- NEW YORK — A New York federal judge on April 8 granted a Kuwaiti-French joint venture’s petition to confirm an arbitral award worth $2.8 million plus 9% interest against a Lebanese bank representing attorney fees won in an arbitration over a shareholder dispute despite the bank’s pending application to annul the award and also adopted the tribunal’s finding that the bank committed fraud....