Federal Judge Confirms $476 Million Award Issued By Hong Kong Tribunal
(June 23, 2016, 2:20 PM EDT) -- NEW YORK — A New York federal judge on June 22 granted a Chinese company's petition to confirm an award that was issued by a Hong Kong tribunal, ordering a British Virgin Islands entity to pay $476,700,190.49 in damages and interest (GE Transportation [Shenyang] Co. Ltd. v. A-Power Energy Generation Systems Ltd., No. 15-6194, S.D. N.Y.; 2016 U.S. Dist. LEXIS 81367).
(Opinion available. Document #05-160628-015Z).
GE Transportation (Shenyang) Co. Ltd. (GET) filed a petition in the U.S. District Court for the Southern District of New York...