Quasi In Rem Jurisdiction Over Company In $140M Row Was Proper, 3rd Circuit Says

( May 19, 2026, 1:25 PM EDT) -- PHILADELPHIA — A Third Circuit U.S. Court of Appeals panel on May 18, addressing an issue of first impression, vacated a ruling dismissing a Chilean contractor’s petition to enforce an arbitral award worth more than $140 million against an Italian construction company, opining that quasi in rem jurisdiction exists over the company due to its possession of shares in Delaware....