Chongqing Loncin Engine Parts Co Ltd v New Monarch Machine Tool Inc - United States District Court Northern District of New York Case No 5-21-cv-00084-DNH-TWD Memorandum-Decision and Order - 3 August 2021
Country
Year
2021
Summary
Introduction
On January 14, 2021, petitioners Chongqing Loncin Engine Parts Co., Ltd. ("Chongqing") and Nanjing Loncin Nemak Precision Machinery Co., Ltd. ("Nanjing"), two Chinese engine parts manufacturers, filed this action under the Federal Arbitration Act ("FAA") and the United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the "New York Convention") seeking to confirm an arbitration award they received from the China International Economic & Trade Arbitration Committee ("CIETAC") against respondent New Monarch Machine Tool, Inc. ("New Monarch" or "respondent"), an American tool manufacturer based in Cortland, New York.[1] The petition has been fully briefed and will be considered on the basis of the submissions without oral argument.