Judge Finds Tribunal Exceeded Authority, Refuses To Confirm $43.5M Award

(June 10, 2016, 10:48 AM EDT) -- WASHINGTON, D.C. — After finding that a tribunal exceeded its authority when it determined increased arbitrators' fees in an arbitration commenced by a company against the Republic of Guinea, a District of Columbia federal judge on June 9 refused to confirm an approximately $43.5 million award that was recently annulled by the Common Court of Justice and Arbitration (CCJA) (In the matter of the Arbitration of Certain Controversies Between Getma International and The Republic of Guinea, No. 14-1616, D. D.C.; 2015 U.S. Dist. LEXIS 148482)....
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