Federal Judge Confirms Award For Alstom In Insurance Coverage Dispute

(June 22, 2016, 1:35 PM EDT) -- NEW YORK — After finding that a Brazilian insurer was bound by the terms of an arbitration clause contained in an agreement for the sale of power generation equipment, a New York federal judge on June 20 confirmed an award issued by the International Chamber of Commerce (ICC) in favor of two Brazilian companies (Alstom Brasil Energia E Transporte Ltda, et al. v. Mitsui Sumitomo Securos S.A., No. 15-8221, S.D. N.Y.; 2016 U.S. Dist. LEXIS 80151).

(Opinion available. Document #05-160628-014Z.)

Alstom Power Inc. and Alstom Brasil...
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