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Case of the Day: Sonic Finance v. Prima
The case of the day is Sonic Finance Inc. v. Prima Pte. Ltd. (N.Y. Sup. Ct. 2017). Sonic Finance and Mirage Finace owned two ships, the Sunray and the moonray. They contracted with Prima Pte. Ltd., a special-purpose entity set up for the transaction, for the purchase and sale of the Sunray. They contracted with……
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Case of the Day: Kozma Investmentos v. Duda
The case of the day is Kozma Investmentos, Ltda. v. Duda (M.D. Fla. 2017). Kozma had a $14 million Brazilian arbitral award against Edson and Natalina Duda. It brought an action in the Florida state court against the Dudas and Geby Investments, LLC alleging that the Dudas had made fraudulent transfers to Geby to the……
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Case of the Day: Brittania-U Nigeria v. Chevron
The case of the day is Brittania-U Nigeria, Ltd. v. Chevron USA, Inc. (5th Cir. 2017). Brittania-U (the double-T is how it spells its name) sued Chevron USA, Ali Moshiri, and Moncef Attia in the Texas state courts. The claim was that Chevron Nigeria, a division of Chevron USA, had invited bids for the sale……
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Lago Agrio: Update on the New Dutch Decision
I reported yesterday on Ecuador’s appeal from a Dutch decision refusing to annul the interim awards in the investment treaty arbitration between Chevron and Ecuador. I didn’t have the translation of the decision available in time for the post, but I’ve just received it.
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Lago Agrio: Dutch Appeals Court Affirms Denial of Annulment
The Court of Appeals of the Hague has affirmed a lower court decision decision refusing to set aside the interim awards Chevron had won against Ecuador in the investment treaty arbitration. The main questions before the lower court were, first, whether Chevron or Texaco had an “investment” in Ecuador for purposes of the BIT, and,……