Southern District of NY Federal Judge Finds Venezuelan Iron Ore Company to be an Agency or Instrumentality of Venezuela in $350 Million Mining Dispute, says Diaz Reus
United States District Judge Andrew Carter of the Southern District of New York recently ruled that Venezuela’s iron ore company C.V.G. Ferrominera Orinoco, C.A. (FMO) is an “agency or instrumentality” of the Bolivarian Republic of Venezuela. The court’s determination could potentially derail a $350 million global arbitration and litigation assault on FMO brought by the […]