2016 August

Aug 6

The End of the Commisa Saga: The Second Circuit Upholds Vacated Arbitration Award Worth Over $400M

Earlier this week, the Second Circuit put an end to the six-year saga of Commisa v. Pemex by affirming a judgment enforcing a nullified Mexican arbitration award. This landmark decision grants district courts in New York, Connecticut and Vermont limited discretion to recognize foreign arbitration awards duly annulled at their seat, where enforcement of the