Judge Compels Arbitration Of $1.5M Claim Against Chinese Joint Venture

Mealey's (September 8, 2020, 12:36 PM EDT) -- NEW YORK — A federal judge in New York on Sept. 3 adopted a magistrate judge's recommendation to deny a China-based joint venture's petition to stay arbitration with one of its members based in Ohio and granted the Ohio company's motion to compel arbitration after determining that federal law, not Chinese law, would apply to whether the parties' agreement to arbitrate is enforceable (SSI [Beijing] Company Ltd. v. Prosper Business Development Corporation, No. 18-8408, S.D. N.Y., 2020 U.S. Dist. LEXIS 161357)....