International Arbitration Victory. On June 10, 2016, SFH obtained a $26 million Final Arbitral Award from the International Court of Arbitration of the International Chamber of Commerce (the “ICC”) on behalf of one of its clients, one of the world’s largest producers and suppliers of fresh produce, in a contractual dispute concerning post-termination restrictive covenants. After a two and one-half year international arbitration battle, the ICC arbitration tribunal issued a Final Award rejecting all of the grower’s defenses and counterclaims, and awarding SFH’s client permanent injunctive relief, specific performance of the post-termination restrictive covenants, damages in the amount of $26,133,000, plus reimbursement of the client’s attorney’s fees and costs. It was a resounding victory. Since the Final Award was issued, it has been confirmed and converted into a Final Judgment in the Netherlands. Further, SFH successfully defeated the grower’s attempt to vacate the Final Award here in the federal district court in South Florida, and obtained confirmation of the Final Award and a Final Judgment from the federal district court. SFH continues its efforts to enforce the award, including filing garnishment actions and lawsuits against any third party that attempts to assist the grower in violating the permanent injunction.
Victory in Massive Fraud and Theft Case. On March 20, 2017, the Firm obtained a $181 million Final Judgment for its client, a victim of a fraudster entrusted to invest the client’s funds, but who instead stole in excess of $154 million over a four-year period in an elaborate scheme complete with phony investment statements. In addition to the $181 million judgment, SFH also obtained a permanent injunction against the fraudster.