Luzar Trading SA Tradiverse Corporation - United States District Court Southern District of New York Case Nos 20-CV-623 KMW 20-CV-3387 KMW - Opinion and Order - Judge Kimba M. Wood - 25 March 2021
Petitioner Luzar Trading, S.A., a commodity merchant, petitioned to confirm (1) a December 2019 arbitration award (civil action 20-CV-623) and (2) a March 2020 arbitration award (civil action 20-CV-3387) (collectively, the "Awards") issued by two arbitration panels pursuant to the International Arbitration Rules of the International Centre for Dispute Resolution ("ICDR"). Respondent Tradiverse Corporation, a grain provider, petitioned to vacate the Awards under 9 U.S.C. § 10 on the grounds that they were procured by fraud, partiality, and misconduct, issued without authority, and in disregard of the applicable law.
For the reasons set forth below, the Court GRANTS Luzar's petitions to confirm each arbitration award and DENIES Tradiverse's corresponding petitions to vacate them.