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DRESSER-RAND COMPANY v. PETROLEÓS DE VENEZUELA

19 Civ. 2689 (LLS).

574 F.Supp.3d 217 (2021)

DRESSER-RAND COMPANY, Plaintiff, v. PETROLEÓS DE VENEZUELA, S.A., Defendant.

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

Signed December 8, 2021.

Attorney(s) appearing for the Case

Melissa Ann Brown , Arnold & Porter Kaye Scholer LLP, Nicole L. Lech , Geoffrey Garrett Young , Jordan W. Siev , Reed Smith LLP, New York, NY, for Plaintiff.

Matthew Alan Ducharme , Dennis H. Tracey, III , Hogan Lovells US LLP, Robin Lacey Muir , Goodwin Procter LLP, New York, NY, Richard C. Lorenzo , Hogan Lovells US LLP, Miami, FL, for Defendant.

OPINION AND JUDGMENT

INTRODUCTION

In January 2017, Plaintiff Dresser Rand Company ("D-R") and Defendant Petróleos de Venezuela, S.A. ("PDVSA") entered into a Note and Note Agreement documenting PDVSA's borrowings of approximately $120 million from D-R, and PDVSA's duty to make installment payments...

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