Airport Contractor Can't Duck Taxes, Belize Tells DC Circ.
Law360, New York (February 3, 2016, 2:06 PM EST) -- The government of Belize pressed the D.C. Circuit to reverse a lower court order affirming a $4.4 million arbitral award to an airport contractor over a terminated operating agreement, saying Tuesday that the contractor was abusing an international arbitration convention to avoid paying taxes.
Belize said that Newco Ltd. is misusing the Convention on the Recognition and Enforcement of Foreign Arbitral Awards — which U.S. District Judge Richard J. Leon's August order confirming the arbitral award in the contractor’s favor relied upon — to avoid paying nearly $3 million in Belizean taxes, which the country wants to offset the award with....
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!