Landmark Decision: Citgo Wins $49 Million in Insurance Dispute over Confiscated Venezuelan Oil

Houston, Texas – A US jury recently awarded Citgo $49 million in an insurance dispute over Venezuelan oil that was seized by the government. The ruling comes as a significant victory for the oil company, providing some relief in the ongoing legal battle. The dispute began in 2017 when Citgo’s parent company, PDVSA, used the oil as collateral for a loan from Russian bank Rosneft. However, the US government imposed sanctions on Venezuela, effectively blocking the transfer of the oil, which was stored in Curacao at the time. As a result, Citgo turned to its … Read more

Why New York Law is the Preferred Choice for Hospitality Contracts: Insights from a Hotel Dispute Lawyer

Miami, Florida – When it comes to governing law in hospitality contracts, New York law is a popular choice, but what makes it so appealing? It turns out there are several factors that contribute to New York’s prominence in the industry. Firstly, New York is a major financial and commercial hub, making it logistically advantageous for resolving disputes. The state also boasts a well-established legal structure, providing predictability and stability in dealing with complex contractual relationships within the hospitality industry. Additionally, New York courts have developed a robust body of case law, offering guidance on … Read more

Discover the Strategies of Mark S. Adams, Leading Hotel Dispute Lawyer, in Hospitality Litigation and Dispute Resolution

LOS ANGELES – Mark S. Adams, a seasoned trial lawyer and partner at JMBM’s Global Hospitality GroupĀ®, is renowned for his expertise in hotel dispute resolution. Over his 14-year tenure at the firm, Adams has established a strong international reputation for his handling of litigation, arbitration, and alternate dispute resolution in the hospitality industry. When asked about the secret to his success, Adams attributed it to his exceptional support team and their commitment to “aggressive and passionate advocacy.” This approach has allowed him to achieve a consistently high success rate in the cases he handles. … Read more

City of Greenwood Challenges Court Ruling: Fire Chief’s Appointment to Hospital Board Sparks Dispute

GREENWOOD, Mississippi – A dispute between the city and county over an appointment to the local hospital board has sparked a legal battle. Recently, a chancery judge issued an injunction that prevented fire chief Marcus Banks from joining the board, leading the city of Greenwood to challenge the ruling. The conflict over the Greenwood Leflore Hospital’s leadership is likely to be taken up by an appeals court. During a specially called city council meeting, a motion was made to appeal Judge Perkins’ ruling on the appointment. The city council authorized the appeal in connection with … Read more