Black Soil Asset Management Limited v Qian Wang - United States District Court Northern District of CalIfornia Case No 3-23-cv-04493 - Order on Petition to Confirm and Motion to Vacate Foreign Arbitral Award - 21 March 2024
Country
Year
2024
Summary
Black Soil Asset Management Ltd. and its owner, Qiang Chang Sun, have petitioned the Court to confirm a $44.3 million foreign arbitral award entered in their favor against SICCO Investment, Inc., and Qian Wang. Wang, a U.S. citizen with a residence in the North- ern District of California, opposes the petition and has moved to vacate the award. The Court must confirm the award unless it "finds one of the grounds for refusal or deferral of recognition" specified in the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the "New York Convention" or "Convention"), June 10, 1958, 21 U.S.T. 2517. 9 U.S.C. § 207. Wang invokes two such grounds but the Court finds neither applicable, as explained below. The petition will be granted and the award confirmed.
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