2nd Circ. Questions Due Process In Azerbaijan Oil Suit

Law360, New York (September 29, 2009, 2:32 PM EDT) -- A federal appeals court has tossed a lower court's refusal to confirm a $1.2 million foreign arbitration award secured by a Frontera Resources Corp. unit against the State Oil Co. of the Azerbaijan Republic, ordering the district court to recalibrate its analysis of whether it has jurisdiction over the matter.

The dispute between the two oil companies stems from an 1998 deal under which Frontera agreed to develop oil deposits in Azerbaijan and deliver the oil to SOCAR. In 2000, the two firms sparred over SOCAR's...
To view the full article, register now.