STORY FROM: Reinsurance & Arbitration

2nd Circuit Confirms Arbitration Awards That Are (Literally) Out of This World

[Editor's note: Brendan Gooley of Carlton Fields is a litigator who focuses on employment discrimination, education, and insurance matters. He joined the firm after clerking for the U.S. Court of Appeals for the Second Circuit and the Connecticut Supreme Court. Copyright 2019, Brendan Gooley.]

Arbitration over whether a South Korean company or a Bermuda company headquartered in Hong Kong owns a geostationary satellite in light of an order from a South Korean regulatory agency can be complicated.

The Second Circuit recently affirmed a decision confirming an arbitration award adjudicating ownership of the satellite in question and awarding damages related ...

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