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Case of the Day: CTI Systems v. Herr Industrial
The case of the day is CTI Systems, SA v. Herr Industrial, Inc. (E.D. Pa. 2015). CTI, a Luxembourg company, contracted with Herr, a Pennsylvania corporation, for supplies and labor in connection with a “painting installation” in Kansas. The contract amount was $5.2 million, and the contract had Luxembourg choice of law and choice of……
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Lago Agrio: Someone’s Going To Have Egg On His Face
The fracas between MCSquared and Sharon Stone has taken a decidedly odd turn.
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Lago Agrio: The Dissent
Readers, I erroneously reported that one of the three arbitrators, Dr. Horacio A. Grigera Naón, had dissented without an opinion. In fact, he did write a brief note of dissent, which I simply hadn’t seen. I’m not going to review it in depth: in the main, the disagreement concerns how to interpret the earlier Ecuadoran……
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Lago Agrio: Ecuador Wins A Round In The Investment Treaty Arbitration
Ecuador had a win yesterday in its investment treaty arbitration with Chevron. The tribunal issued its decision on track 1B of the case.
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Case of the Day: NYKCool v. Pacific International Services
The case of the day is NYKCool A.B. v. Pacific International Services, Inc. (S.D.N.Y. 2015). NYKCool had a arbitration award for $8.7 million against Pacific Fruit Inc. and Kelso Enterprises. More than $6 million of the award was unsatisfied. It brought an action to pierce the corporate veil against Álvaro Fernando Noboa Pontón, the companies’……