4th Circuit Affirms $1.55M Award For Failed Philippine Island Real Estate Sale

Mealey's (June 27, 2022, 10:21 AM EDT) -- RICHMOND, Va. — A Fourth Circuit U.S. Court of Appeals panel on June 24 affirmed a district court’s grant of summary judgment confirming a Singapore tribunal’s $1.55 million award plus costs and interest for an island real estate sales dispute, finding that the award-debtor failed to challenge the court’s factual findings regarding his legal residence in North Carolina and presented no evidence supporting his argument that the arbitration agreement was fraudulent....