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UNITED STATES 995
United States District Court, District of Connecticut,
5 August 2019
Antoine Savine v. Interactive Brokers, LLC
UNITED STATES 995
US No. 995. Antoine Savine (nationality not indicated) v. Interactive Brokers, LLC (US), United States District Court, District of Connecticut, 18-cv-1846 (KAD), 5 August 2019
The court discusses questions relating to the general approach taken by the Convention to the grounds for refusal of recognition and enforcement, including its pro-enforcement bias, as well as the system of the Convention, under which recognition and enforcement may only be denied on seven listed grounds and the petitioner has only the obligations set out in Art. IV.
Award not binding, suspended or set aside: The court discusses the difference between the exclusive jurisdiction to set aside an award (primary jurisdiction), which belongs to the courts of the country of origin of the award, and the jurisdiction of all other courts to recognize and enforce the award (secondary jurisdiction); issues relating to the determination of the “competent authority”; and whether an award that has been set aside in the country of origin can be enforced in another State under the Convention.