US Suit Over Azerbaijan Oil Pact Arbitration Dropped

Law360, New York (October 20, 2009, 3:14 PM EDT) -- A federal judge has signed off on an agreement between a Frontera Resources Corp. unit and the State Oil Co. of the Azerbaijan Republic to drop a long-running fight over a $1.24 million arbitration award in U.S. courts, in a case that prompted a U.S. federal appeals court to rethink its stance on how the due process clause applies to foreign states and their agents.

Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York signed off Monday on a...
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