August 08, 2024
The Eleventh Circuit on Thursday enforced a $188 million arbitral award issued to a British Virgin Islands commodities firm, ruling in a published opinion that a Venezuelan state-owned mining firm's corruption arguments wrongly took aim at an underlying contract, rather than the award itself.
December 06, 2023
A Venezuelan state-owned mining company urged the Eleventh Circuit on Wednesday to vacate a $188 million arbitration penalty stemming from disputes over iron ore operations, saying the arbitrators are "advancing corruption and bribery" that a former British Virgin Islands minerals business partner used to procure a contract.
April 08, 2022
British Virgin Islands firm Commodities & Minerals Enterprise Ltd. is pushing the Eleventh Circuit to back a $188 million arbitral award against a Venezuelan state-owned mining company, arguing the company waited too long to contest the award.