Stolt-Nielsen Ltd (SNI.OL)
13 Nov 2018
LONDON, Oct 1 Liquefied natural gas (LNG) shipping and terminal operators Golar and Hoegh said on Monday they would invest about $50 million into an LNG company set up last year by fellow Nordic firm Stolt-Nielsen.
Nearly a quarter-century ago, the U.S. Supreme Court boldly asserted in First Options of Chicago v. Kaplan (115 S.Ct. 1920) that the question of whether a federal court or an arbitrator has the primary power to decide if a dispute is arbitrable was “fairly simple.” Arbitration is a matter of contract, the court said. If the two sides agreed to submit the threshold question of the enforceability of their arbitration contract to an arbitrator, that’s who should decide it. If the contra