Recognition and enforcement of arbitral awards

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Reference no: EM132175922

Case Summary 25.1: TermoRio v. Electricrificadora del Atlantico S.A., 421 F.Supp.2d 87 (D. D.C. 2006) (p. 812)

Facts: Electranta is a power company owned by the Colombian government. Electranta became involved in a dispute with TermoRio, a U.S. company doing business in Colombia. The dispute was arbitrated consistent with International Chamber of Commerce rules and TermoRio was awarded US$60 million in damages. However, TermoRio could not convince the Colombian courts to enforce the award and the government of Colombia refused to pay. Electranta then filed suit in the U.S. attempting to have a federal court to declare the acts of the Colombia courts unlawful and recognize the arbitration award.

1. Under the Convention on the Recognition and Enforcement of Arbitral Awards, would the U.S. courts have authority to decide this case?

2. What do the ICC rules provide?

Reference no: EM132175922

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