Century Indemnity Company v. AXA Belgium
United States District Court for the Southern District of New York
2012 U.S. Dist. LEXIS 136472 (2012)
- Written by Samuel Omwenga, JD
Facts
Century Indemnity Company and others (insurers) (plaintiffs) initiated arbitration against AXA Belgium (AXA) (defendant) under 9 U.S.C. §§ 201–208 to confirm three arbitral awards against AXA. AXA cross-petitioned to vacate the awards. The insurers and AXA then filed motions to seal their respective documents submitted for filing pursuant to their confidentiality agreement covering the arbitration. These documents included the arbitral awards under review and portions of the parties’ pleadings. The confidentiality agreement allowed the parties to disclose the protected information only in connection with a judicial proceeding to confirm, modify, or vacate an arbitration award. Nondisclosure of confidential information was also consistent with the arbitration process in the reinsurance industry. The parties agreed that therefore their documents and information filed with the court should be under seal, consistent with industry practice and as required under their agreement.
Rule of Law
Issue
Holding and Reasoning (Furman, J.)
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