Global Arbitration Review - The award against PEMEX was recognized as valid despite its annulment in Mexico, September 2013

Global Arbitration Review - The award against PEMEX was recognized as valid despite its annulment in Mexico, September 2013

September, 2013

A U.S. court has confirmed an award rendered under the ICC Arbitration Rules worth USD $400 million in favor of the U.S. engineering firm KBR (COMMISA) against the Mexican state oil company Pemex, notwithstanding that the award had originally been annulled in Mexico, the seat of the arbitration. A U.S. court has confirmed an award rendered under the ICC Arbitration Rules worth USD $400 million in favor of the engineering firm

A U.S. court has confirmed an award rendered under the ICC Arbitration Rules worth USD $400 million in favor of the U.S. engineering firm KBR (COMMISA) against the Mexican state oil company Pemex, notwithstanding that the award had originally been annulled in Mexico, the seat of the arbitration. A U.S. court has confirmed an award rendered under the ICC Arbitration Rules worth USD $400 million in favor of the U.S. engineering firm KBR (COMMISA) against the Mexican state oil company Pemex, notwithstanding that the award had originally been annulled in Mexico, the seat of the arbitration.

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