Legal Opinion
TIG Insurance Co. v. GLOBAL INTERNATIONAL REINSURANCE COMPANY, LTD.
District Court, S.D. New York
Decided August 7, 2009No. 09 Civ. 1289(JSR)PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM ORDER
JED S. RAKOFF, District Judge.
Because an arbitrator is not required to proceed in formal fashion or to give reasons for his rulings, his decisions may often appear arbitrary, especially to the non-prevailing party. But having chosen to forego the procedural punctiliousness and reviewable reasoning of a court of law, the loser is hard-pressed to complain if there is even a colorable justification for the result. Here, the losing party got all that it bargained for when it elected arbitration.
Global International Reinsurance Company, Ltd. (“Global”) and TIG Insurance Company…
2Cases cited12 opinions
- Duferco International Steel Trading v. T. Klaveness Shipping A/sCourt of Appeals for the Second Circuit · 2003
- Michael E. Wallace, David Jacaruso and Joseph Scotti v. Daljit S. Buttar and Paramjit Buttar, Robert Winston, AdditionalCourt of Appeals for the Second Circuit · 2004
- In the Matter of the Arbitration Between Tempo Shain Corporation Neptune Plus Corporation v. Bertek, Inc.Court of Appeals for the Second Circuit · 1997
- Banco De Seguros Del Estado v. Mutual Marine Office, Inc. And Mt. McKinley Insurance Company, as Successor of the Gibraltar Casualty CompanyCourt of Appeals for the Second Circuit · 2003
- Stolt-Nielsen SA v. AnimalFeeds International Corp.Court of Appeals for the Second Circuit · 2008
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3Cited by5 opinions
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- Nat'l Football League Mgmt. Council v. Nat'l Football League Players Ass'nDistrict Court, S.D. Illinois · 2017
- Brooks v. BDO Seidman, LLPNew York Supreme Court · 2011
- Balch v. Oracle CorporationDistrict Court, D. Maryland · 2019
- In Re: Michael Rodger BrownDistrict Court, S.D. New York · 2021