Paulson Wins $48 Million Arbitration Award in Puerto Rico Dispute

John Paulson, founder of Paulson & Co., secured a provisional $48 million arbitration award against former partner Fahad Ghaffar following a three-week hearing. The award remains subject to court confirmation before enforcement. Courts confirm arbitration awards at high rates, and Ghaffar's grounds to challenge are narrow under federal law. The dispute stems from Paulson's Puerto Rico real estate and investment activities.