Latest Posts

Aug 6

The End of the Commisa Saga: The Second Circuit Upholds Vacated Arbitration Award Worth Over $400M

Earlier this week, the Second Circuit put an end to the six-year saga of Commisa v. Pemex by affirming a judgment enforcing a nullified Mexican arbitration award. This landmark decision grants district courts in New York, Connecticut and Vermont limited discretion to recognize foreign arbitration awards duly annulled at their seat, where enforcement of the


Apr 4

The Brazilian Court of Justice Declines to Enforce a Vacated Arbitration Award

While the U.S. Court of Appeals for the Second Circuit considers the circumstances in which a lower court may confirm a nullified foreign arbitration award, the Brazilian Court of Justice (“STJ”) has declined to recognize an award that was vacated in Argentina, where the tribunal was seated. The case, EDF International S/A v. Endesa LatinoAmérica


Jan 14

Check Out Our Article on Commisa v. Pemex in Arbitration International

Jennifer Cabrera, Partner with Cabrera Cammarota PLLC recently published the article The administrative contract, non-arbitrability, and the recognition and execution of awards annulled in the country of origin: the case of Commisa v Pemex, in Arbitration International with co-authors Dante Figueroa and Hertfried Wöss, Partners with Wöss & Partners – a firm specializing in arbitration and


Nov 2

Recent Shift in Cuba Policy May Allow the Release of Frozen Assets

On December 17, 2014, President Barak Obama announced a major policy shift towards Cuba that marked the beginning of the normalization of U.S.-Cuba relations. After five decades of stalemate, the changes have come quickly. In the last year, the U.S. has opened an embassy in Havana (July 20, 2015), eased restrictions on exports, remittances and


May 7

The Petrobras Scandal Comes to New York

A massive lawsuit has been filed by bondholders in New York federal court against Brazil’s state oil company, Petrobras. The lawsuit, which draws support from an ongoing corruption investigation in Brazil, alleges that Petrobras executives engaged in a deliberate scheme of money-laundering and bribery that cost the company’s investors hundreds of millions of dollars. The


Jan 9

La doctrina de forum non conveniens: El caso Figueiredo v. Perú

To read this article in English, click here. Nueva York niega el reconocimiento y la ejecución de un laudo arbitral extranjero en virtud de la doctrina de forum non conveniens. A menudo se asume que los laudos arbitrales extranjeros pueden ser ejecutados fácilmente en los EE. UU., especialmente en el Segundo Circuito judicial que comprende


Jan 9

La ejecución de un laudo anulado: El caso Commisa v. Pemex

To read this article in English, click here. ¿Bajo qué tipo de circunstancias las cortes de Nueva York ordenan la ejecución de un laudo arbitral que ha sido anulado? ¿Es posible que un tribunal neoyorquino ejecute un laudo arbitral pese que haya sido anulado por un tribunal competente en su sede? Esta fue la decisión


Jan 9

The Second Circuit Hears Arguments in the Commisa Case

Late last year, the United States Court of Appeals for the Second Circuit (the “Court”) heard oral arguments for the appeal of the controversial decision Corporación Mexicana de Mantenimiento Integral v. Pemex-Exploración y Producción, 962 F. Supp. 2d 642 (S.D.N.Y. 2013), where the Southern District of New York (“S.D.N.Y.”) confirmed a Mexican ICC arbitral award annulled


Oct 31

Foreign Award Not Enforced In New York Under Forum Non Conveniens

Haz clic aquí para leer el artículo en español. It is often believed that arbitral awards can be easily enforced in the U.S., especially in the Second Circuit. This allows plaintiffs to enforce awards in New York, where many entities have sizable assets. However, a 2011 by the Court of Appeals (the ¨Second Circuit¨) ruled against


Oct 3

(When) will New York courts confirm a vacated arbitration award?

Haz clic aquí para leer el artículo en español. Will New York courts enforce an arbitration award that was annulled by a competent court at the seat?  A district court judge for the Southern District of New York (S.D.N.Y.) did exactly that last September in Corporación Mexicana de Mantenimiento Integral v. Pemex-Exploración y Producción, 962 F. Supp.