We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Venezuelan Commodities Co. Gets Interim Arbitral Award OK'd

Law360 (June 12, 2019, 7:38 PM EDT) -- U.S. commodities supplier Tradiverse Corp. must pay a $650,000 interim arbitral award in a delivery dispute with a Venezuelan commodities merchant, a New York federal judge ruled Tuesday, concluding that Tradiverse was not denied a fair hearing as it had argued.

U.S. District Judge Richard Berman confirmed Venezuelan merchant Luzar Trading SA's request for the award after it had initiated arbitration against Tradiverse in August 2018 at the International Centre For Dispute Resolution over the U.S. company's failure to deliver soy products in Louisiana.

The interim award was necessary given Tradiverse's lack of "tangible assets sufficient to satisfy any potential arbitration...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents



Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


New York Southern

Nature of Suit

Other Statutes: Arbitration


Subscribers Only

Date Filed

September 7, 2018

Law Firms

Judge Analytics