InvestorsHub Logo
Followers 81
Posts 12240
Boards Moderated 0
Alias Born 09/28/2003

Re: laranger post# 103230

Monday, 04/25/2005 11:14:21 AM

Monday, April 25, 2005 11:14:21 AM

Post# of 433225
laranger: The reference was in regard to the action that Nokia would have to take through the courts, not the ICC. It is from the Federal Arbitration Act:

§ 12 NOTICE OF MOTIONS TO VACATE OR MODIFY; SERVICE; STAY OF PROCEEDINGS

Notice of a motion to vacate, modify, or correct an award must be served upon the adverse party or his attorney within three months after the award is filed or delivered. If the adverse party is a resident of the district within which the award was made, such service shall be made upon the adverse party or his attorney as prescribed by law for service of notice of motion in an action in the same court. If the adverse party shall be a nonresident then the notice of the application shall be served by the marshal of any district within which the adverse party may be found in like manner as other process of the court. For the purposes of the motion any judge who might make an order to stay the proceedings in an action brought in the same court may make an order, to be served with the notice of motion, staying the proceedings of the adverse party to enforce the award.

http://www.smany.org/sma/about6-5.html


I didn't know that NOK had 3 months to appeal an award, and I can't find such a clause in the ICC rules.
Can you point me in the right direction?

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent IDCC News