…Exploration and Production, a PEMEX subsidiary (Mexico’s oil and gas state-owned enterprise), repudiated three contracts the claimants entered into with the company for oilfield services. Some claims in this case…
…concerning certain measures by Mexico that allegedly undermine US companies and US-produced energy in favor of Mexico’s state-owned electrical utility, CFE, and state-owned oil and gas company, PEMEX. More recently,…
…failed to reach a unitization agreement with Pemex; and Gulf Investments & Services Ltd. filed a notice involving an impounded vessel by Mexican authorities as part of a criminal investigation…
…Commissa v Pemex (2008), The Micula brothers in the Micula saga were also successful in having their ICSID award entered into judgment before the Court of Appeals for the District…
…the energy reform of 2013, aiming at converting the electricity state owned company CFE and the national oil company PEMEX again in monopolies, at the expense of private businesses, mainly…
…bound discourse could be a downside of this structure. The third model would be one that combined the abovementioned. Rodrigo Loustaunau, main legal counsel for arbitration of PEMEX, pointed out…
…hence, strengthening PEMEX’s market position. Specifically, the Rules establish a summary proceeding mechanism to revoke existing import/export permits and shorten the validity of new permits from 20 years to 5…
…Re Chromalloy Aeroservices and the Arab Republic of Egypt, 939 F. Supp. 906 (D.C. Cir. 1996) (“Chromalloy”) and Corporacion Mexicana De Mantenimiento Integral v. Pemex-Exploracion, No. 13-4022 (2d Cir. 2016)…
…has often narrowly construed the latter. For example, in the Pemex decision the Second Circuit Court of Appeals noted the “high hurdle of the public policy exception” finding that “retroactive…
…Court of Appeals case in 2016, (discussed in detail below). The Precedent: The Pemex Case In Corporación Mexicana de Mantenimiento Integral v. Pemex Exploración y Producción, the Second Circuit…
…de libre disposición”). Also, in Commisa v. Pemex, the Eleventh Collegiate Court in Civil Matters in Mexico City interpreted that arbitrators may rule on matters of free disposal (“libre disposición”)….
…series of recent decisions rendered by the Luxembourg Court of Appeal in the internationally well-known Pemex and Gold Reserve cases, which reject the French courts’ approach to the recognition and…
…this exception was met in Corporación Mexicana De Mantenimiento Integral, S. De R.L. De C.V. v. Pemex‐Exploración Y Producción, No. 13-4022 (2d Cir, 2016) which is the first federal appellate…
The seminar “International Arbitration in Mexico – Latest Developments” took place on March 21, 2019 in New York City (the “Seminar”). International and Mexican practitioners gathered to discuss issues such…
…to arbitration of the judiciary in national courts (see for example Comissa v Pemex). In terms of economic opportunities, Latin America continues to experience an energy revolution. Around a quarter…
…transplant it as a gloss to Article V(1)(e). In the Pemex case, the court allowed for the enforcement of an annulled award by glossing Article V(1)(e) with public policy. The…
…New York Convention and how far courts can go when deciding to declare awards enforceable even when another court had set aside the award, was the Pemex decision 1)Marike Paulsson,…
…in 2013 in Delhi on sovereignty. From the time of Yukos v. Russia to Pemex, notions of sovereignty have collided like billiard balls and gone in opposite directions and given…
…CV v Pemex-Exploracion y Produccion, No 13-4022 (2d Cir Aug 2, 2016) by reference to language similar to the Art. V (1) found in the Inter-American Convention on International Commercial…
…an annulled award in Pemex.3) TermoRio S.A. E.S.P. (Columbia), LeaseCo Group and other v. Electrantra S.P. (Columbia), et al. (District for Columbia 2007), in Yearbook Commercial Arbitration XXXIII (2008) (United…
…U.S. courts are asked to make normative judgments as to the primary jurisdiction’s annulment. Two recent circuit-level decisions, Corporación Mexicana v. Pemex (Pemex) and Getma v. Republic of Guinea (Getma)…
…relevant for energy companies doing business in Latin America. The very Petróleos Mexicanos (PEMEX), for example, is the result of the expropriation of large foreign oil investments. Another good example…
…procedures had violated Colombian law, the law governing the arbitration). In Pemex Corporacion Mexicana De Mantenimiento Integral v. Pemex Exploracion Y Produccion, 962 F. Supp. 2d 642 (S.D.N.Y. 2013) (as…
…Pemex. The US courts have added a public policy gloss to Article V(1)(e), recently enforced in the Pemex decision. Whether or not that public policy gloss will be used is…
