2nd Circ. Goes Against The Grain In Pemex RulingThe Second Circuit's Tuesday decision confirming a KBR subsidiary's approximately $300 million arbitration award in a contract dispute with Mexico's national oil company bucks the trend of courts typically refusing to enforce awards that have been annulled.
A three-judge panel determined that a New York federal judge had not abused his discretion by confirming the award — even after it had been annulled in Mexico — because not doing so would run counter to U.S. public policy and would be “repugnant to fundamental notions of what...
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