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ADVERTISEMENT Enforcer Says $30M Symbion Award Fight Must Stay In NY Law360 (July 14, 2021, 7:46 PM EDT) A judgment enforcement firm has urged a New York federal court not to dismiss its suit seeking to confirm a $30 million arbitral award against international engineering contractor Symbion Power in favor of a venue in the Republic of Tanzania, saying the court has jurisdiction. RSS Judgment Enforcement LLC told the court in a Monday opposition filing that it has personal jurisdiction over the defendants: Symbion CEO Paul Hinks, Symbion Power LLC, Symbion Energy Holdings Ltd. and Symbion Power Tanzania Ltd. The judgment enforcement firm asked the court to toss the Symbion defendants motion to dismiss the suit seeking confirmation of the nearly. ....
UK power investors withdraw claim against Tanzania Credit: Symbion Power The British co-founders of US power plant developer Symbion Power have discontinued an ICSID claim against Tanzania in a dispute that also gave rise to a US$560 million ICC claim. To read more Subscribe and start reading now Global Arbitration Review (GAR) is the online home for international arbitration specialists, telling them everything they need to know about all the developments that matter. ....
The assignee of a UAE company has applied to enforce a US$30 million award stemming from a Tanzanian power deal, accusing US energy company Symbion Power and its executives of asset-stripping to evade payment. ....
A Nevada entity that was assigned a nearly $30 million arbitral award originally issued to a Dubai-based heavy equipment rental company told a New York federal court U.S. international engineering contractor Symbion Power must hand over the money for rental bills associated with a Tanzania power project. ....
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