A recent opinion from the U.S. Court of Appeals for the Eleventh Circuit offers a handful of practical takeaways for multinational businesses and their counselors who are engaged in international arbitration and litigation.

The appellate court’s June 25 opinion in EGI-VSR v. Coderch Mitjans, reversed in part and affirmed in part a $28 million Chilean arbitral award that the holder sought to confirm in Florida.  underlying arbitration resolved a claim for breach of a shareholder agreement brought by EGI-VSR against Juan Carlos Celestino Coderch Mitjans. EGI-VSR convinced the arbitrator that Coderch Mitjans breached the agreement by failing to buy EGI-VSR’s shares in a Chilean wine company, Viña Rafael S.A.