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Case of the Day: TIG Insurance v. Argentina
The case of the day is TIG Insurance Co. v. Republic of Argentina (D.C. Cir. 2020). I last wrote about the case a year ago. Here was my description of the case from the prior post: TIG had an arbitral award against Argentina and a default judgment confirming the award that, with interest and penalties,……
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Case of the Day: Crystallex v. Venezuela
The case of the day is Crystallex International Corp. v. Bolivarian Republic of Veneuela (3d Cir. 2019). I last wrote about the case in October 2016. Crystallex, a Canadian company that had invested in a Venezuelan gold mining project, won a $1.2 billion aribtral award against Venezuela after that country nationalized the gold deposits and……
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Case of the Day: TIG Insurance v. Argentina
The case of the day is TIG Insurance Co. v. Republic of Argentina (D.D.C. 2019). TIG had an arbitral award against Argentina and a default judgment confirming the award that, with interest and penalties, was in the amount of $33.66 million. In 2018, Argentina decided to list real property in Washington for sale. The property……
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Case of the Day: Stemcor USA v. Cia Siderurgica
The case of the day is Stemcor USA Inc. v. Cia Siderurgica do Para Cosipar (5th Cir. 2019). Daewoo International had a contract with AMT for the purchase of pig iron to be delivered in New Orleans. Thyssenkrupp Mannex GmbH also had a contract with AMT for the purchase of pig iron. AMT failed to……
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Case of the Day: Pine Top Receivables v. Banco de Seguros del Estado
The case of the day is Pine Top Receivables of Illinois, LLC v. Banco de Seguros del Estado (7th Cir. 2014). Pine Top Insurance Company claimed it was owed more than $2 million by Banco de Seguros del Estado, an instrumentality of the Uruguayan government, under reinsurance contracts. When Pine Top failed, its claims against……