Shell To Toss Most Drawback Claims In Duties Battle

Law360, New York (November 30, 2010, 3:20 PM EST) -- Shell Oil Co. has agreed to throw out several of its drawback claims in a suit against the U.S. over oil duty refunds from 1995 and 1998 that the energy giant said were improperly denied by the government.

Shell and the U.S. said in a joint status report Monday in the U.S. Court of International Trade that the company will file a consent motion asking the court to sever and dismiss 10 of 13 drawback entries at issue in the suit.

Meanwhile, Shell and the U.S....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.