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Canadian mining company strikes gold in US court (Crystallex v Venezuela)

Canadian mining company strikes gold in US court (Crystallex v Venezuela)
Published on: 10 April 2017
Published by: LexisPSL
  • Canadian mining company strikes gold in US court (Crystallex v Venezuela)
  • Original news
  • What are the likely practical implications of this decision on the enforcement of the award?
  • What is the background to the decision?
  • What did the US Federal Court decide?
  • What affect do these proceedings have on the general profile of third party funding in international arbitration?

Article summary

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. or take a trial to read the full analysis.

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