A D.C. federal magistrate judge on Wednesday granted a bid by two Swiss Koch Industries affiliates to confirm a roughly $400 million arbitration award against Venezuela, ruling that the country has presented no grounds to contest the authenticity of the International Centre for Settlement of Investment Disputes award.
Koch Nabs Confirmation Of $400M Award Against Venezuela law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
The US Government has imposed a series of sanctions against Myanmar Economic Corporation Limited (MEC) and Myanma Economic Holdings Public Company Limited (a.k.a. Myanmar Economic Holding Limited) (MEHL), two military-affiliated conglomerates, in response to the February military coup in Burma (Myanmar). The combined restrictions are likely to have a significant impact on business activities in Burma as these conglomerates have substantial interests and joint ventures in several sectors of the Burmese economy, including trading, natural resources, tourism, alcohol, cigarettes, and consumer goods. In addition, the US Government has significantly tightened export controls for Burma.
German infrastructure group Hochtief Aktiengesellschaft has abandoned its bid to partially annul a $13.4 million award the company won in 2016 against Argentina following a long-running dispute over a highway and bridge construction concession that had arisen out of the country's debt crisis in the early 2000s.
Neustar Takes Colombia To Arbitration For Nix Of Domain Deal law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.