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Stemcor USA Incorporated v. Cia Siderurgica do Para

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Case overview

Case Number:

16-30984

Court:

Appellate - 5th Circuit

Nature of Suit:

3120 Marine

Companies

Sectors & Industries:

  1. June 26, 2019

    Seizure Order Allowed Prearbitration, 5th Circ. Says

    The Fifth Circuit has ruled that Louisiana state law allows parties to seize assets while pursuing arbitration for monetary damages, a decision that follows an opinion issued last month by Louisiana's highest court resolving a contentious question on prearbitration attachments.

  2. May 13, 2019

    Seizure Order Allowed Pre-Arbitration, La. High Court Says

    Louisiana state law allows creditors to seize assets while pursuing arbitration as long as the underlying claim seeks monetary damages, the state's top court has ruled, dealing a win to South Korean trading giant Daewoo in its fight with a rival creditor over a disputed iron shipment.

  3. November 16, 2018

    5th Circ. Nixes Daewoo Bid To Revise Shipment Row Question

    The Fifth Circuit has declined a bid by Posco Daewoo Corp. to rephrase a question the appeals court panel put to Louisiana's highest court, despite the Korean trading giant's arguments that the question as stated would not help determine whether it could seize an iron shipment as security for a future arbitration award.

  4. October 23, 2018

    Daewoo Asks 5th Circ. To Reconsider Shipment Row Question

    Korean trading giant Posco Daewoo Corp. urged the Fifth Circuit to grant it an en banc rehearing to change a question the appeals court panel put to the Louisiana Supreme Court, saying the question as stated would not determine whether it could seize an iron shipment as security for a future arbitration award.

  5. October 18, 2018

    5th Circ. Passes Daewoo Iron Shipment Row To La. High Court

    A Fifth Circuit panel has asked the Louisiana Supreme Court to rule on whether a state law allowed Korean shipper Daewoo International Corp. to seize a contested iron shipment as it looked to compel America Metals Trading LLP into arbitration.

  6. July 26, 2018

    Daewoo Urges 5th Circ. To Rehear Iron Shipment Seizure Row

    POSCO Daewoo Corp. urged the entire Fifth Circuit on Wednesday to reconsider whether it can seize an iron shipment as security before arbitrating a contract dispute with an English shipper, saying an earlier panel ruling answering that question in the negative "undermines arbitration throughout the U.S."

  7. July 11, 2018

    5th Circ. Changes Course In Daewoo Shipping Seizure Row

    The Fifth Circuit on Wednesday reversed its decision from last year allowing Daewoo International Corp. to seize an iron shipment before arbitrating a contract dispute with an English shipper, concluding by majority that the South Korean trading company had failed to meet certain procedural requirements.

  8. November 29, 2017

    ThyssenKrupp Says Rehearing Bid Needed In Seizure Row

    ThyssenKrupp Mannex GmbH has reiterated its bid for the entire Fifth Circuit to revisit its decision allowing Daewoo International Corp. to seize an iron shipment before arbitrating a contract dispute with an English shipper, saying Daewoo's argument against its rehearing petition is "replete with errors."

  9. November 14, 2017

    Daewoo Urges 5th Circ. Not To Rethink Seizure Ruling

    Daewoo International Corp. urged the Fifth Circuit on Monday to stand by its decision allowing the South Korean trading company to seize a pig iron shipment before kicking off arbitration with an English supplier, saying ThyssenKrupp Mannex GmbH's rehearing request raises "wild accusations" instead of challenging the panel's well-grounded legal findings.

  10. September 18, 2017

    Daewoo Seizure Ruling Violates Due Process, 5th Circ. Told

    ThyssenKrupp Mannex GmbH asked the Fifth Circuit on Friday to revisit its decision allowing Daewoo International Corp. to seize a pig iron shipment before kicking off arbitration with an English shipper, saying the panel improperly failed to hear TKM's position on a crucial point.

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