N.Y. Federal Judge Vacates $57 Million Award in Light of Foreign Court’s Reversal

Arbitration

N.Y. Federal Judge Vacates $57 Million Award in Light of Foreign Court’s Vacatur

NEW YORK — A New York federal judge has granted a motion by the Government of the Lao People's Democratic Republic to vacate a $57 million arbitral award issued in favor of a Thai contractor, finding a Malaysian court’s reversal of the award did not violate the basic notions of justice.

On Feb. 6, Judge Kimba M. Wood of the U.S. District Court for the Southern District of New York ruled that although the New York Convention gives the District Court discretion to enforce a foreign …