KBR's $400M Arbitration Win Against Pemex Confirmed In NY

Law360, New York (August 29, 2013, 2:27 PM EDT) -- A New York federal judge on Tuesday confirmed a 2009 arbitration award now worth nearly $400 million for KBR Inc. in a contract dispute with Petroleos Mexicanos, Mexico's national oil company, saying that a Mexican appeals court violated basic notions of justice when it threw out the award.

In nullifying the award in 2011, Mexico's Eleventh Collegiate Court found that Pemex, as an arm of the state, should not be subject to arbitration and could be sued only in administrative courts. That ruling was at odds...
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