Aaot Foreign Economic Association (Vo) Technostroyexport v. International Development and Trade Services, Inc.

SCHWARZER, Senior District Judge:

We must decide whether the District Court for the Southern District of New York (Koeltl, J.) erred in confirming two international arbitration awards rendered by an allegedly corrupt tribunal where the losing party, knowing the relevant facts, chose to participate fully in the proceedings without disclosing those facts until after the adverse awards had been rendered.

In 1991 and 1992 appellant International Development and Trade Services, Inc. (“IDTS”) entered into contracts for the purchase of non-ferrous metals from appellee AAOT Foreign Economic Association…