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

2nd Circ. Goes Against The Grain In Pemex Ruling

Law360, New York (August 3, 2016, 10:12 PM EDT) -- The 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.