- May 15, 2020
The New York Court of Appeals overturns the Appellate Division’s ruling regarding functus officio
A unanimous New York Court of Appeals (New York’s highest court) decision in Am. Int’l Specialty Lines Ins. Co. v Allied Capital Corp. (AISLIC) delved into functus officio, a doctrine that this court had not closely examined in almost 130 years (Flannery v Sahagian). In this re-examination of functus officio, the court overturned the Appellate Division … Continue reading The New York Court of Appeals overturns the Appellate Division’s ruling regarding functus officio →
- November 9, 2018
Is it really final? American International Specialty Lines Insurance Company v Allied Capital Corp
In a meticulous lesson on the doctrine of “Functus Officio” the New York Appellate Division, First Department has given the arbitration world an erudite explanation of when an arbitration decision is final and not subject to change in American International Specialty Lines Insurance Company (AISLIC) v Allied Capital Corp.