International Arbitration Law360 provides breaking news and analysis on international arbitration law. Coverage includes international arbitration proceedings, policy developments that affect international arbitration, and legal challenges to arbitration rulings.
The heirs of two Saudi sheikhs urged a California federal court Tuesday not to toss their suit to confirm an $18 billion arbitral award against Chevron over an oil field development agreement, arguing the oil giant's claims the arbitration was a "sham" are part of its efforts to discredit everyone involved.
DLA Piper has nabbed a partner from Gómez-Acebo & Pombo to serve as the head of its litigation and arbitration team in Spain, bringing his experience in guiding financial institutions and other clients through civil and criminal litigation, international arbitration, and administrative actions.
A Texas federal judge has granted a win to Carpatsky Petroleum Corp. in a long-running dispute initiated by a Ukrainian oil company over a soured oil and gas development deal, ruling that a $147 million arbitral award issued in the U.S.-based company’s favor precludes the Ukrainian company’s claims.
A D.C. federal judge has allowed two Moldovan oil and gas investors to begin pinning down assets to enforce an approximately $500 million arbitral award issued against Kazakhstan despite a pending appeal, denying the Central Asian nation's bid to pause the proceeding without posting a bond first.
Many global companies prefer to enter into contracts with foreign counterparties through a locally incorporated affiliate. This approach might help streamline business relationships and confer certain tax advantages, but the validity of the arbitration clauses in such contracts rarely has been tested, say Claudia Salomon and Irina Sivachenko of Latham & Watkins LLP.