Tokura Construction Co. v. Corporacion Raymond

MEMORANDUM AND ORDER

CIRE, District Judge.

Before the Court is Plaintiff’s motion for confirmation of an arbitration award. For the reasons indicated below, the Court hereby GRANTS Plaintiff’s motion and ORDERS that Plaintiff is entitled to recover from Defendant the sum of $263,384.18 plus interest at the rate of nine percent per annum from February 4,1981, the date that the arbitration award was rendered.

7. Factual Setting

Plaintiff Tokura Construction Co., Ltd. (“Tokura”) is a Japanese corporation with its principal place of business in Nagoya, Japan. Defendant Corporación Raymond, S.A.…