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Attachment Under Suits to Compel Arbitration

Attachment Under Suits to Compel Arbitration

Jun 7, 2019 by Drew Lyons, Associate

Recent Update in Louisiana Law: Attachment under Suits to Compel Arbitration On May 8, 2019, the Louisiana Supreme Court rendered a decision on a certified question from the Fifth Circuit United States Court of Appeals in Stemcor USA Inc. v. CIA Siderurgica do Para Cosipar, et al.[1]The question asked of the Louisiana Supreme Court was, “[i]s a suit seeking to compel arbitration an ‘action for a money judgment’ under Louisiana&...

Prejudgment Interest

Prejudgment Interest

May 6, 2019 by Ted Laperouse, Shareholder, LAPEROUSE, APLC

Contractors who are owed money for their work on Louisiana construction projects may be entitled to prejudgment interest on their past-due receivables. Unlike common law jurisdictions, in Louisiana interest on claims for nonpayment is not viewed as penal in nature, but rather is considered as a reparation for the loss suffered by the creditor.1 In most instances, a victorious party on a claim for nonpayment will be allowed to recover interes...

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