By Jonathan Randles (December 20, 2012, 4:03 PM EST) -- When Argentina refused to pay a $133 million arbitration award to Blue Ridge Investments, a Bank of America Securities subsidiary, Weil Gotshal & Manges LLP's Ted Posner successfully petitioned President Barack Obama to suspend the South American country's trade benefits with the U.S., helping earn him a spot among Law360's list of International Trade MVPs.
The White House issued the proclamation in March granting petitions brought by Blue Ridge and Azurix Corp., a Houston-based water services company owed an arbitration award of about $165 million, suspending Argentina from the U.S. Generalized System of Preferences program, which waives duties on thousand of...
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