District Court Enters Default Judgment Against a Foreign Sovereign Thereby Confirming the Arbitral Award Against…

In 2007 and 2008, DIGOIL, a South African oil exploration company, entered into two contracts with the Democratic Republic of Congo (the “DRC”), promising to carry out discovery and exploitation of hydrocarbon deposits in specific regions in exchange for a share of the resulting revenue. The contracts stipulated that, consistent with DRC law, the respective contract would enter into force on the date it was approved by Order of the DRC President. However, neither of the contracts received Presidential approval (or explicit disapproval), and in 2010, the DRC awarded a production sharing agreement covering the geographical region contemplated by the 2008 contract to a different company…

Read the complete story here.

Featured Arbitrators

ad
View all

Read these next

Category

The U.S. Supreme Court Finally Will Review (and May Bury) PAGA’s Anti-Arbitration Rule

This article was first published on Proskauer Blog, here. While the California Supreme Court has repeatedly upheld arbitration agreements with class action waivers (as they must under the Federal Arbitration...

By Anthony J. Oncidi, Philippe A. Lebel
Category

Arbitration Conversation No. 80: Adriana Vaamonde, Exec Director, Centro de Arbitraje Cámara de Caracas

In this episode of the Arbitration Conversation, Amy interviews Adriana Vaamonde, Exec Director, Centro de Arbitraje Cámara de Caracas. Adriana is a Legal Advisor in International Commercial Arbitration, Arbitrator, and...

By Adriana Vaamonde Marcano, Amy Schmitz
Category

Arbitration Conversation No. 54: Canadian Arbitrator Myriam M. Seers, Senior Associate at Torys LLP

In this episode of The Arbitration Conversation, Amy interviews Myriam Seers, an experienced arbitrator and Vice-Chair of the ICC Canada Arbitration Committee. They discuss how technology tools can be leveraged...

By Myriam Seers, Amy Schmitz

Find an Arbitrator