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FG Hemisphere Associates, LLC, et al v. Democratic Republic of Congo
Case Number:
12-56110
Court:
Nature of Suit:
-
March 04, 2014
9th Circ. Says Unocal's Congo Profits Not Executable In US
A Ninth Circuit panel tossed a hedge fund's suit seeking to collect on oil concessions a Unocal Corp. subsidiary had paid to the Democratic Republic of Congo, ruling Tuesday that the future oil tax revenues could not be executed in U.S. courts.
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February 10, 2014
Unocal Hid Congo Profits In Shell Corp., 9th Circ. Hears
Gas company Unocal Corp. on Monday urged the Ninth Circuit to toss a hedge fund's suit seeking to collect on oil concessions a Unocal subsidiary paid to the Democratic Republic of Congo, saying the foreign assets can't be executed on in U.S. courts.