Aceris Law LLC is pleased to announce the successful resolution of an ICDR arbitration brought by an American company against multiple Asian respondents, in a dispute arising from a loan agreement governed by New York law. Aceris Law acted on behalf of the respondents, providing strategic guidance throughout the proceedings and helping ensure a favourable outcome.
The arbitration centred on claims that the Asian respondents were liable under a loan agreement, with the claimant attempting to extend the arbitration agreement to alleged guarantors and non-signatories. The claimant invoked agency and alter ego theories to argue that the respondents were bound by the arbitration clause and financially responsible for the debt.
Aceris Law advised the respondents on how to procedurally defeat the arbitration and navigate the risks of an adverse award. Following these efforts, the arbitration concluded with no payments found to be owed by the Asian respondents. The case raised significant questions of jurisdiction and contractual extension, including whether non-signatories could be compelled to arbitrate under U.S. legal doctrines.
The matter was handled by William Kirtley, founding partner of Aceris Law, and Sidney Larsen, international arbitration counsel. Both lawyers have extensive experience representing clients in high-stakes disputes across multiple jurisdictions and under a range of arbitration rules, including the ICDR, ICC, LCIA, and SIAC.
This case reflects Aceris Law’s continued commitment to providing Big Law quality representation at competitive and transparent rates. Whether defending against unfounded claims or pursuing meritorious ones, Aceris Law offers tailored legal strategies designed to secure success in even the most complex international arbitration matters.
