Indian Company, Shareholders Ask 9th Circuit For En Banc Review Of $1.3B Award

(August 30, 2023, 2:06 PM EDT) -- SAN FRANCISCO — A liquidated Indian company and its Mauritian shareholders and U.S. subsidiary separately petitioned the Ninth Circuit U.S. Court of Appeals on Aug. 29 for rehearing en banc of its ruling reversing the confirmation of an arbitral award against an Indian state worth more than $1.3 billion for lack of jurisdiction, arguing that the en banc court should reconsider its precedent on minimum contacts analysis under the Foreign Sovereign Immunities Act (FSIA)....