As Venezuela seeks the Supreme Court’s intervention on PDVSA’s liability, the auction becomes a battleground for creditors eyeing the prized asset. The Supreme Court’s potential involvement adds a layer of unpredictability, offering a riveting twist to this colossal financial showdown.
Supreme Scrutiny: U.S. High Court Grapples with Arbitral Bias
The U.S. Supreme Court confronts the labyrinth of arbitrator bias, as Grupo Unidos por el Canal challenges a refusal to vacate $285 million arbitral awards in a Panama Canal expansion dispute. The company alleges “evident partiality” due to undisclosed relationships, thrusting the court into the nuanced realm of vacatur standards.
With Grupo Unidos facing an uphill battle, the Supreme Court’s decision may reshape the landscape of arbitrator bias jurisprudence, keeping the legal community on the edge of their seats.
