Judge Confirms Award Worth More Than $540M For Interest In ICSID Award

Mealey's (November 16, 2021, 1:17 PM EST) -- NEW YORK — A New York federal judge on Nov. 15 confirmed an arbitral award worth more than $540 million against a California entity for withholding its contractually obligated share of a nearly $1 billion International Centre for Settlement of Investment Disputes (ICSID) award that the California entity received for a separate arbitration against the Republic of Ecuador regarding a terminated oil field contract....