Treasury Two Trust v. Teras Breakbulk Ocean Navigation Enterprises LLC

Background

On May 28, 2020, Treasury Two Trust filed a petition asking the court to confirm an arbitration award against Teras Breakbulk Ocean Navigation Enterprises LLC. The opinion does not describe the arbitration, the award’s amount, or the underlying dispute.

Court’s Analysis

The court stated that proceedings to confirm an arbitration award must be treated as similar to a motion for summary judgment. It therefore required the petitioner to submit materials supporting its petition, rather than ruling on confirmation at this stage.

Order and Deadlines

The court ordered Treasury Two Trust to file and serve a statement required by Local Civil Rule 56.1 and any additional supporting materials by July 8, 2020. The additional materials could include affidavits or declarations confirming that the petition’s exhibits are true and correct copies of what they purport to be.

Teras Breakbulk Ocean Navigation Enterprises LLC’s opposition was due five weeks after service of the petitioner’s moving papers. Treasury Two Trust’s reply, if any, was due two weeks after service of the opposition. The court also directed Treasury Two Trust to serve the order on the respondent by first-class and certified mail and file proof of service.

Disposition

Judge Gregory H. Woods issued a scheduling and filing order. The opinion does not state that the petition was granted or denied, and it does not decide whether the arbitration award should be confirmed.