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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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