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BUl6810 Think tank 4




Question;Miga, a French company, sold hundreds of millions of;dollars worth of goods, much of it on credit, to various agencies of the;Russian government. The first deals were made with the Union of Soviet;Socialist Republics (USSR), then, after the collapse of that government in;1991, with the Federative Socialist Soviet Republic of Russia (RSFSR), the;successor government. The agreements called for binding arbitration of any;disputes at the Chamber of Commerce of Stockholm, Sweden, under Swiss law, and;subject to enforcement in court in New York. Following failure to make;payments, the arbitrator awarded Miga $275 million, which Russia refused to;pay. Miga brought suit in federal court in New York to enforce the arbitration;award.;You be the judge. Who wins? Why? Make sure you;address all the issues.


Paper#59182 | Written in 18-Jul-2015

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