Summary

Commodities & Mineral Enterprise, Ltd. (CME) sought to confirm a New York Convention arbitration award against Ferrominera Orinoco, C.A. (FMO) in the sum of $187.9 million. In opposing confirmation, FMO alleged that CME had procured the underlying contract through fraud, bribery, and corruption, and argued that recognition and enforcement of the award would be contrary to U.S. public policy. ...