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Lago Agrio: Estoppel in the Arbitral Award
This is the second post on the new award in the Chevron/Ecuador arbitration. I think there will be a few more. I wrote this on Sunday, and it’s possible that there has been some relevant coverage from others since then, so I hope that events haven’t overtaken this post! One critique of a claim like……
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Lago Agrio: Chevron Wins Investment Treaty Arbitration Against Ecuador
The tribunal hearing the investment treaty dispute between Chevron and Ecuador has issued a partial award that decides the case in Chevron’s favor. I learned of the award on Friday, and there’s a lot in there that eventually I want to write about. But I do want to take an initial look at an issue……
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Case of the Day: Outokumpu Stainless v. Converteam
The case of the day is Outokumpu Stainless USA, LLC v. Converteam SAS (11th Cir. 2018). Outokumpu had a steel factory in Alabama. Its predecessor in interest had a contract with a firm called Fives to buy three cold rolling mills for use in the factory. The contract had an agreement to arbitrate requiring arbitration……
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Case of the Day: Grupo Unidos Por El Canal v. Autoridad del Canal de Panama
The case of the day is Grupo Unidos Por El Canal S.A. v. Autoridad del Canal de Panama (S.D. Fla. 2018). As you may have guessed, it’s a case about a construction project at the Panama Canal. The parties engaged in an ICC arbitration in Miami, which resulted in an award of damages of $22……
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Case of the Day: Fiorilla v. Citigroup Global Markets
The case of the day is Fiorilla v. Citigroup Global Markets, Inc. (S.D.N.Y. 2018). John Leopoldo Fiorilla brought an arbitration against Citigroup in 2010. Fiorilla, a self-described “unsophisticated” investor, opened an account with Citi in 2006 to manage his $19.5 million life savings. He alleged that through “mismanagement and malfeasance,” Citi “eviscerated” his savings, which……