2nd Circuit Affirms $400M Award, Disregards Annulment By Mexican Court
(August 3, 2016, 1:11 PM EDT) -- NEW YORK — Despite an annulment ruling in a Mexican court, the Second Circuit U.S. Court of Appeals on Aug. 2 affirmed a district court's decision to confirm a $400 million award issued in favor of a Mexican corporation in a dispute over underlying contracts for the construction of offshore platforms (Corporacion Mexicana De Mantenimiento Intergral, S. De R.L. De C.V. v. Pemex-Exploracion Y, No. 13‐4022, 2nd Cir.).
(Opinion available. Document #05-160830-002Z.)
In January 2010, Corporacion Mexicana De Mantenimiento Intergral, S. De R.L. De C.V.,...