Ropes & Gray Secures One of Largest Arbitration Awards Decided in Hong Kong or China
In one of the largest arbitration awards ever decided in Hong Kong or China, a Ropes & Gray litigation team won an almost $100 million dollar award on behalf of client LoJack Corporation and LoJack Equipment Ireland DAC ("LoJack") in an international arbitration before the Hong Kong International Arbitration Center ("HKIAC"). The HKIAC Tribunal rendered a decision for LoJack against a former product supplier to LoJack for the supplier’s breach of the parties’ supply agreements.
Business & securities litigation partner Daniel Ward represented LoJack in the international arbitration in Hong Kong. The team traveled from Boston to Hong Kong for a month-long trial in June 2016, and for closing arguments on liability in September 2016, and on damages in January 2017.