Successor’s ‘Mere Presence’ Doesn’t Create Jurisdiction Over $140M Award Petition

(September 30, 2024, 2:12 PM EDT) -- WILMINGTON, Del. — A Delaware federal judge on Sept. 27 granted an Italian construction company’s motion to dismiss a Chilean contractor’s petition to enforce an arbitral award worth more than $140 million against it as successor-in-interest to another contractor, finding that the Italian company’s assets in Delaware are insufficient to establish quasi in rem jurisdiction....

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