5th Circuit Won’t Reconsider Reversal Of $200M Award For Fatal Explosion On Vessel

Mealey's (February 29, 2024, 2:06 PM EST) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel denied a German shipowner’s petition for rehearing of its ruling reversing the confirmation in its favor of an arbitral award worth more than $200 million against a Swiss charterer for damages incurred when a fatal explosion occurred on the vessel, in a dispute the parties separately have settled....