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Case of the Day: Helmerich & Payne v. Venezuela
The case of the day is Helmerich & Payne International Drilling v. Bolivarian Republic of Venezuela (D.C. Cir. 2015). Helmerich & Payne, an Oklahoma oil company, operated in Venezuela through subsidiaries incorporated under Venezuelan law. Beginning in 2007, its subsidiary made contracts with the Venezuelan state oil company, PDVSA, for the use of the subsidiary’s……
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Case of the Day: Mobil Cerro Negro v. Venezuela
The case of the day is Mobil Cerro Negro, Ltd. v. Bolivarian Republic of Venezuela (S.D.N.Y. 2015). In 2007, Venezuela expropriated Mobil’s interest in various oil projects in the country. Mobil commenced an ICSID arbitration under a bilateral investment treaty. In 2014, the tribunal awarded Mobil approximately $1.6 billion, which remains unpaid. A day after……
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Case of the Day: Publicidad Vepaco v. Mezerhane
The case of the day is Publicidad Vepaco, C.A. v. Mezerhane (Fla. Dist. Ct. App. 2015). Publicidad Vepaco and LaTele Television, C.A., two Venezuelan corporations, sued Nelson Mezerhane, the owner of Banco Federal, C.A. (a Venezuelan bank), and Rogelio Trujillo, the bank’s CEO, claiming that the two had carried out a scheme to defraud them……
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Case of the Day: Puigbo v. Medex Trading
The case of the day is Puigbo v. Medex Trading, LLC (Fla. Dist. Ct. App. 2014). Medex sued Juan Andres Puigbo for fraud. Puigbo was in Venezuela. Medex transmitted the document to the Venezuelan central authority, which, after attempting personal service, served the documents on Puigbo by publication, as provided in Article 223 of the……
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Case of the Day: Carney v. Beracha
The case of the day is Carney v. Beracha (D. Conn. 2014). Carney was the court-appointed receiver for Highview Point Partners, LLC. The court had appointed him as receiver in connection with an enforcement action by the Securities and Exchange Commission against Francisco Illarramendi for alleged violation of the federal securities laws. Carney, once appointed,……