Top Court Will Review $185M Arbitration Award Reversal

Law360, New York (June 10, 2013, 3:43 PM EDT) -- The U.S. Supreme Court on Monday agreed to consider BG Group PLC's bid to reinstate a $185 million arbitration award over an investment in now-bankrupt Argentine gas distributor MetroGas SA, an award the D.C. Circuit said was given in violation of an international investment treaty.

The high court granted BG Group's petition for writ of certiorari, 18 months after the D.C. Circuit overturned the British natural gas exploration company's arbitration award, ruling that the arbitration panel had overstepped its authority by taking on the case in...
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