Judge Finds Tribunal’s Order To Pay Award From Brazilian Escrow Account Was Proper

Mealey's (June 22, 2020, 10:11 AM EDT) -- HOUSTON — A Texas federal judge on May 29 confirmed an approximately 5.8 million Brazilian real arbitral award for profits lost in a transfer agreement despite a challenge to the tribunal’s order that payment be made from an escrow account because the judge found that the parties had already “vigorously litigated” the escrow agreement before the tribunal issued its award (Valerus Field Solutions v. Enerflex Energia, No. 19-2430, S.D. Texas)....