As the Coronavirus (COVID-19) continues to disrupt travel and almost every other aspect of day-to-day life, the hospitality industry faces unprecedented challenges. Hotel closings, employee furloughs and other drastic...more
In a significant development for hotel owners and operators, a New York state court judge recently held that a hotel management agreement ("HMA") was enforceable by specific performance, enabling the operator of the...more
Venezuela is taking its fight over a $1.4 billion arbitral award to the District of Columbia’s federal court of appeals.
The award capped a bitter dispute between Venezuela and Crystallex International Corporation, a...more
6/22/2017
/ Appeals ,
Arbitration Award Challenges ,
Arbitration Awards ,
Bilateral Investment Treaties ,
Breach of Contract ,
Canada ,
Damages ,
International Arbitration ,
Mining Contracts ,
Motion to Vacate ,
New York Convention ,
Permits ,
Rescission ,
Venezuela
A long-running dispute between Chevron and Ecuador appears to have reached its end after the Supreme Court declined to take up Ecuador’s question of whether United States courts had jurisdiction to confirm a $96 million...more
7/1/2016
/ Arbitration ,
Arbitration Awards ,
Bilateral Investment Treaties ,
Chevron ,
Ecuador ,
Energy Sector ,
Foreign Sovereign Immunities Act of 1976 (FSIA) ,
Jurisdiction ,
Oil & Gas ,
Petition for Writ of Certiorari ,
Tribunals
The District Court of the Hague overturned a record $50 billion in damages awards issued by the Permanent Court of Arbitration (“PCA”), to the former controlling shareholders of the Yukos Oil Company on the grounds that...more
In a 3-2 split decision, a New York appellate court determined that a forum selection clause providing for litigation in New York courts had not been explicitly terminated and thus trumped agreements to submit to arbitration...more
The Restoring Statutory Rights Act of 2016, sponsored by Democratic Senator Patrick Leahy, was sent to congressional committee on February 4, 2016 for consideration.
The bill would place restrictions on companies’ use...more