Mexican Cement Co. Says Colo. Court Can't OK $36M Award

Law360 (October 2, 2018, 9:39 PM EDT) -- A Mexican cement company has told a Colorado federal court that it lacks the jurisdiction to confirm a $36.1 million arbitral award against the company, arguing that the Bolivian investment firm seeking confirmation has not shown the case has any connection to the U.S. and that it therefore should be heard in Mexico.

GCC Latinoamérica SA de CV and its parent company, Grupo Cementos de Chihuahua SAB de CV, told the court Monday that its dispute with Compania de Inversiones Mercantiles SA, or CIMSA, over the confirmation of an arbitration award cannot be heard in Colorado because the companies have no...

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