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
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