US Appellate Court Permits Attachment of Assets in Suit to Compel Arbitration (Daewoo v Thyssenkrupp Mannex)

US Appellate Court Permits Attachment of Assets in Suit to Compel Arbitration (Daewoo v Thyssenkrupp Mannex)

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In a recent decision, the United States Court of Appeals for the Fifth Circuit allowed a party to attach assets in a suit to compel arbitration, even though the suit did not directly seek a money judgment as required by the applicable state statute. In this LexisPSL Arbitration article, Steven Finizio and Apoorva Patel provide an analysis of the decision and its potential implications for parties seeking attachment of assets in the US in aid of arbitrations that have not yet commenced.

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