STORY FROM: Reinsurance & Arbitration
6th Cir. Declines to Decide Whether Reinsurance Arbitration Award Should Be Vacated
December 5, 2016
CINCINNATI — A federal appeals court has declined to exercise jurisdiction over validity of a reinsurance arbitration award, explaining that the trial court’s non-ruling on a motion to vacate the award does not constitute an implied vacatur.
On Dec. 2, the 6th Circuit U.S. Court of Appeals explained that the trial court properly adhered to the rationale for its dismissal of the action for forum non conveniens. Having recognized and enforced the parties’ forum selection agreement, the court, by its silence on the arbitration award, also abided by the parties’ agreement to litigate the validity of the award in Nebraska ...
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