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IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE AMERICAN LIFE INSURANCE
COMPANY, Plaintiff/Respondent, v. CARLOS D. PARRA, ASIAT, S.A. and
THE PARKWAY CORPORATION, Defendants/Petitioners. )
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) Civil Action No. 98-401-KAJ MEMORANDUM OPINION Stephen E. Jenkins, Esquire; Regina A. Iorii, Esquire; and Joseph C. Handlon, Esquire;
Ashby & Geddes; Wilmington Delaware; counsel for American Life Insurance Company. Of Counsel: Michael T. Sullivan, Esquire; and Marc A. Lebowitz, Esquire; Sullivan & Worcester, LLP; New York, New York. Mark Minuiti, Esquire; and Saul Ewing LLP; Wilmington, Delaware; counsel for Carlos D.
Parra; ASSIAT, S.A.; and The Parkway Corporation. Of Counsel:Hector Torres, Esquire; Harold G. Levinson, Esquire; and Cindy Caranella Kelly, Esquire; Kasowitz, Benson, Torres & Friedman; New York, New York. Wilmington, Delaware
July 2, 2003 -2- JORDAN, District Judge I. INTRODUCTION Petitioners and defendants Carlos D. Parra (Parra), an Argentine citizen, and ASIAT, S.A. (ASIAT), a Uruguayan corporation, (collectively Parra) move the Court to modify or vacate in part and then confirm an arbitration award arising from a contractual dispute with respondent and plaintiff American Life Insurance Company (ALICO), a Delaware corporation. (Docket Item D.I. 252.) ALICO opposes the motion and cross- moves to vacate the arbitration award or, alternatively, to modify it to effectuate an Order of the Court dated February 25, 2002. (D.I. 256.) Defendant The Parkway Corporation was not a party to the arbitration award giving rise to the motions currently before the Court. The arbitration award at issue is dated May 24, 2002. (D.I. 245, Torres Aff., Ex. C at 17.) It is governed by the Inter-American Convention on International Commercial Arbitration (known popularly as the Panama Convention), opened for signature Jan. 30, 1975, 104 Stat. 448, 14 I.L.M. 336, as implemented by Chapter 3 of the Federal Arbitration Act (FAA), 9 U.S.C.

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