Legal News

Dutch Supreme Court reinstates ICC award against PDVSA (Wells Ultimate Service v Bariven)

Published on: 23 July 2021
Published by: Law360
  • Dutch Supreme Court reinstates ICC award against PDVSA (Wells Ultimate Service v Bariven)
  • What did the court decide?

Article summary

Law360: The Supreme Court of the Netherlands has reinstated an institutional arbitration award that was set aside by a lower court over fraud allegations, and ruled that regardless of how the purchasing contract was obtained, the Petroleos de Venezuela SA subsidiary must pay for the delivered goods. or take a trial to read the full analysis.

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