Matter
Consolidated Grain and Barge Co. v Insalcor S.A. (Supreme Court of Justice case 503/2013)
- 17 May 2012England
17 May 2012England
Arbitration No. 14-501
Grain and Feed Trade Association (GAFTA)
- Decision summary
- The award ordered Insalcor S.A. to pay Consolidated Grain and Barge Co. USD 181,135.42 for delay, with 4% annual interest from 7 July 2011, plus arbitrators' fees and arbitration costs.
Supporting details
6 participantsCONSOLIDATED GRAIN AND BARGE CO.
INSALCOR S.A.
Grain and Feed Trade Association (GAFTA)
- Institutional administrator
- Grain and Feed Trade Association (GAFTA)
- Arbitrator
- R. Rookes
- Arbitrator
- M. Lima
- Arbitrator
- R. Barber
1 year, 5 months and 13 days later · 531 days
- 30 October 2013Uruguay
30 October 2013Uruguay
Judgment of the Supreme Court of Justice in the case 503/2013 dated 30 October 2013
Supreme Court of Justice
- Decision summary
- By legal majority, the Supreme Court of Justice granted recognition and enforcement of the foreign arbitral award and remitted the matter to the competent tribunal for execution. The majority held that the parties' email exchange established a written exchange accepting the arbitration clause and that the other legal requirements were satisfied. Two judges dissented, concluding that the arbitration agreement requirements were not met because the contract containing the clause was not signed by the respondent.
Supporting details
8 authorities · 7 participantsCONSOLIDATED GRAIN AND BARGE CO.
- Representative
- Lucas Maloney (For: CONSOLIDATED GRAIN AND BARGE CO.)
INSALCOR S.A.
- Representative
- Sebastián Pérez (For: INSALCOR S.A.)
Supreme Court of Justice
- Judge
- Jorge Ruibal
- Judge
- Jorge Chediak
- Advocate General
- Fiscal de Corte