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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 88.68-0.2%3:59 PM EST
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To: Elroy who wrote (2724)8/16/2023 2:35:48 PM
From: Anonymous895  Read Replies (1) of 2977
 
Like I've said, the Singapore arbitration is not bound by New York precedent, but they are inclined to follow New York precedent (and any other precedent globally, so that includes the Cineworld precedent, and if that appeal is finished, whatever the appeals court there says).

I agree with you that your view is the commonsense view, and it is possible for the tribunal to decide that way and ignore the ConEd decision as "nutty", or more likely try to make some minor differentiation between the circumstances.

In interpreting Cayman law, the tribunal will use any Cayman precedent, of course, and general legal principles in interpreting and applying laws and contracts. There will be no doubt expert reports filed by both sides to opine on what the law and the contract say and mean.
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