2nd Circuit Affirms $12.6M Award Against Venezuelan Company Despite No Summons

Mealey's (October 4, 2022, 1:44 PM EDT) -- NEW YORK — Addressing a question of first impression, a Second Circuit U.S. Court of Appeals panel on Oct. 3 found that a British Virgin Islands (BVI) company was not required to serve a summons to a Venezuelan iron ore producer to win the confirmation of a $12.6 million award for a contract dispute, but reversed the trial court’s award of attorney fees and costs to the BVI company....