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OVERSEAS PRIVATE INV. CORP. v. ANACONDA CO.

Misc. No. 75-192.

418 F.Supp. 107 (1976)

OVERSEAS PRIVATE INVESTMENT CORPORATION, Petitioner, v. The ANACONDA COMPANY et al., Respondents.

United States District Court, District of Columbia.

July 20, 1976.

Attorney(s) appearing for the Case

Marx Leva, Leva, Hawes, Symington, Martin & Oppenheimer, Washington, D. C., for plaintiff.

John H. Pickering, Wilmer, Cutler & Pickering, Washington, D. C., for defendants.

MEMORANDUM

FLANNERY, District Judge.

This action challenges the validity of an arbitration decision. Petitioner, Overseas Private Investment Corporation (OPIC), insures business investments in foreign countries. Respondents, Anaconda Copper Company and Chile Copper Company (collectively Anaconda), conducted substantial operations in Chile and contracted with OPIC for protection of their assets. When the Allende government expropriated the property, respondents...

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