Arbitration analysis: Steven Finizio and Manuel Casas at WilmerHale, consider the US District Court's decision in Crystallex v Venezuela to uphold the $1.2bn damages award and suggest that the case reaffirms the deferential approach to reviewing arbitral awards.
Original news
US federal court grants Crystallex's petition to confirm its arbitral award, LNB News 30/03/2017 16 The US District Court of Columbia has decided to grant Crystallex International Corporation's request to con-firm an arbitral award in accordance with the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the New York Convention).
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Originally published by Lexis®PSL Arbitration
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