Federal Judge Enters Default, Confirms $1.38B ICC Award For Steel Supplier

Mealey's (April 3, 2018, 2:01 PM EDT) -- MINNEAPOLIS — After a Mauritius steel company failed to appear in an action seeking to enforce an international arbitral award, a Minnesota federal judge on April 2 granted a U.S. steel supplier’s petition to confirm the $1,380,991,356.04 award and granted an application for a default ruling (ArcelorMittal USA, LLC v. Essar Steel Ltd., No. 0:18-cv-00083, D. Minn.)....