By Humberto J. Rocha (April 18, 2022, 8:01 PM EDT) — A Lebanese financial institution will attraction a New York federal court docket’s ruling imposing an almost $3 million arbitral award issued to an Iraqi telecommunications agency throughout an ongoing annulment bid, with the financial institution beforehand arguing the annulment motion had made the award nonbinding.
In a one-page discover filed Friday, the Intercontinental Financial institution of Lebanon mentioned it will attraction U.S. District Choose Denise Cote’s choice from earlier this month granting Iraq Telecom Ltd.’s petition to verify its $2.8 million 2021 arbitral award.
In line with Choose Cote’s April 8 opinion, IBL needed to cowl the telecommunications agency’s authorized charges within the arbitration case as…
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