Federal Judge Confirms $42 Million Arbitration Award Against Dominican State

WASHINGTON, D.C. - After finding that no exceptions under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards applied and noting that the Dominican State failed to respond, a District of Columbia federal judge on Dec. 20 confirmed a $42,547,577.84 international arbitration award in favor of a company that contracted to complete a highway project (Concesionaria Dominicana De Autopistas Y Carreteras S.A. v. The Dominican State, No. 12-cv-1335, D. D.C.; 2012 U.S. Dist. LEXIS 179734). Full story on lexis.com