International Trade Today is a Warren News publication.

Intelsat, Like Bankruptcy Court, Ignoring Evidence: SES

Both the U.S. Bankruptcy Court and Intelsat are distorting the C-Band Alliance (CBA) agreement's operative text and ignoring key evidence, showing why reversal is warranted, appellant SES told the U.S. District Court for Eastern Virginia in a reply brief Friday…

Sign up for a free preview to unlock the rest of this article

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.

(docket 3:22-cv-668). SES said it and Intelsat secured accelerated C-band relocation payments by working together, so Intelsat has no basis for keeping nearly $900 million more than SES. It said if the CBA agreement doesn't apply, then SES has a valid argument for unjust enrichment from Intelsat’s concerted efforts to deceive it about the status of what was to be a 50-50 split. SES is appealing the bankruptcy court's dismissal of its claim against Intelsat (see 2212270003). Intelsat's outside counsel didn't comment.