Squire Patton Boggs: Court of Appeal of The Hague Sets Aside ICC Award Issued Against Bariven on Grounds of Corruption
October 30, 2019
October 30, 2019
MIAMI, Florida, Oct. 30 -- Squire Patton Boggs issued the following news:
On October 22, 2019, the Court of Appeal of The Hague set aside an ICC award rendered against Bariven, S.A., a subsidiary of Petroleos de Venezuela, S.A. (PDVSA), on grounds that the underlying contract was procured through corruption. The Court of Appeal found that, given the evidence of corruption put forward by Bariven, upholding the arbitral award in those circumstances "would be irreconcilable with p . . .
On October 22, 2019, the Court of Appeal of The Hague set aside an ICC award rendered against Bariven, S.A., a subsidiary of Petroleos de Venezuela, S.A. (PDVSA), on grounds that the underlying contract was procured through corruption. The Court of Appeal found that, given the evidence of corruption put forward by Bariven, upholding the arbitral award in those circumstances "would be irreconcilable with p . . .