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CAROMIN v. BOLIVARIAN REPUBLIC OF VENEZUELA

No. 07 Civ. 3179 (NRB).

556 F.Supp.2d 272 (2008)

COMPANIA DEL BAJO CARONI (CAROMIN) and V.M.C. Mining Company, C.A., Plaintiffs, v. BOLIVARIAN REPUBLIC OF VENEZUELA, and Ministry of Basic Industries and Mines, Defendants.

United States District Court, S.D. New York.

April 30, 2008.

Attorney(s) appearing for the Case

Nathan Schwed, Esq., Yoav M. Griver, Esq., Zeichner Ellman & Krause LLP, New York, NY, for Plaintiffs.

Kenneth S. Leonetti, Esq., Foley Hoag LLP, Boston, MA, Geraldine R. Fischer, Esq., Ronald E.M. Goodman, Esq., Foley Hoag LLP, Washington, DC, for Defendants.

MEMORANDUM AND ORDER

NAOMI REICE BUCHWALD, District Judge.

Compania del Bajo Caroni ("Caromin") and V.M.C. Mining Company, C.A. ("VMC") brought this action against the Bolivarian Republic of Venezuela ("Venezuela") and its Ministry of Basic Industries and Mines, formerly known as the Ministry of Energy and Mines ("Ministry"), claiming that defendants breached an agreement to compensate them for the early redemption of their mining concessions. As with any...

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