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Home > Legal & Regulatory docs.

Corporacion AIC SA v Hidroeléctrica Santa Rita SA - In the United States Court of Appeals for the Eleventh Circuit No 20-13039 - Opinion - 27 May 2022

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Country
  • Costa Rica
  • United States
Year

2022

Summary

This case involves the interplay between the Federal Arbitration Act ("FAA") and the Convention on the Recognition and Enforcement of Foreign Arbitral Awards ("New York Conven- tion"). We believe that our Circuit is out of line with Supreme Court precedent, but we are powerless to change the course as a three-judge panel. As a result, today, we must affirm the District Court's determination that it could not vacate an arbitral award under the New York Convention on the exceeding powers ground. In so doing, we hope that this case will be taken en banc where this Court may overturn Inversiones y Procesadora Tropical INPROTSA, S.A. v. Del Monte International GmbH , 921 F.3d 1291 (11th Cir. 2019), and Industrial Risk Insurers v. M.A.N. Gu- tehoffnungshutte GmbH , 141 F.3d 1434 (11th Cir. 1998), and hold that under a correct understanding of Supreme Court precedent the exceeding powers ground is a valid basis for vacatur under both the New York Convention and the FAA. Until an en banc panel of our Court takes up this issue, our hands are tied.

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