Legal Opinion

Arbitration Between Contichem LPG v. Parsons Shipping Ltd.

District Court, S.D. New York

Decided October 24, 2001No. 99 CIV 10493Published

1Opinion of the Court

DECISION AND ORDER

MARRERO, District Judge.

Respondent Parsons Shipping Ltd. (“Parsons”) moves for reimbursement of the costs it sustained following a temporary restraining order (the “TRO”) improperly sought and granted on behalf of petitioner Contichem LPG (“Contichem”). Contichem opposes the motion on several grounds discussed below. For the reasons indicated, the motion is granted.

FACTS AND PROCEDURAL HISTORY

Contichem unknowingly chartered from Parsons an apparently unseaworthy ship, the M/V World Rainbow (the “Rainbow”). Because of delays in shipping caused by Rainbow’s technical and…

2Cases cited13 opinions

  1. Securities and Exchange Commission v. First Jersey Securities, Inc. And Robert E. BrennanCourt of Appeals for the First Circuit · 1996
  2. Interoceanica Corporation and Turbana Corporation v. Sound Pilots, Inc.Court of Appeals for the Second Circuit · 1997
  3. Contichem Lpg, a Division of Contigroup Companies, Inc. v. Parsons Shipping Co., Ltd., Den Norske Bank Asa, Intervenor-AppelleeCourt of Appeals for the Second Circuit · 2000
  4. Cross Properties, Inc. v. Brook Realty Co.Appellate Division of the Supreme Court of the State of New York · 1980
  5. Kidder, Peabody & Co. v. IAG International Acceptance Group N.V.District Court, S.D. New York · 1998

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