RCS goes to the counterattack in front of the billionaire lawsuit brought by the Blackstone fund to the Supreme Court of New York on the failure to resell the property in via Solferino (headquarters of Corriere della Sera). The main request of the lawyers of the publishing group to the US judge, according to what Radiocor has reconstructed, is to reject the fund’s compensation requests or, alternatively, to leave the proceedings suspended pending the outcome of the appeal against the arbitration award (previously presented by RCS to the Milan Court of Appeal).
The crux is above all that of territorial jurisdiction, which for the Urbano Cairo group belongs to Italy. The legal dispute, in fact, write the lawyers of the Quinn Emanuel Urquhart & Sullivan firm in their counter-arguments, whose deadline for filing with the Court expired last night, “should not continue in this New York court”, given that it is a matter of «An Italian property» and is «relating to an arbitration currently under appeal in Italy».
According to RCS lawyers, Blackstone would know that “this controversy has no legitimate connection with New York.” Not only. The lawyers hypothesize that the US fund was “disappointed” by the outcome of the arbitration in Italy “and so – they write to the judge – they pursue this disturbance in which they seek farcical damages based on superficial requests”. On the point of law, RCS reiterates, from its point of view, that the European laws governing international disputes require that “this dispute be arbitrated in Italy, subject to Italian law, which expressly regulates both contractual and non-contractual obligations. “. Hence the conviction that “this case should be suspended until the appeal of RCS in the Italian arbitration decides the dispute definitively”.