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Case of the Day: CONPROCA v. Petróleos Mexicanos
The case of the day is CONPROCA S.A. de C.V. v. Petróleos Mexicanos (S.D.N.Y. 2013). CONPROCA was a joint venture organized under the law of Mexico. It sought confirmation of a $311 million arbitral award it had obtained against PEMEX, the Mexican state oil company. The place of the arbitration was Mexico. PEMEX had unsuccessfully……
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Case of the Day: DRC, Inc. v. Republic of Honduras
The case of the day, DRC, Inc. v. Republic of Honduras (D.D.C. 2011), is an action to enforce an arbitral award made in Honduras. It is also the first case of the day arising under the Panama Convention. (Why does the Panama Convention, rather than the New York Convention, apply? The FAA has an express……