9th Circ. Says Unocal's Congo Profits Not Executable In US

Law360, Los Angeles (March 4, 2014, 8:07 PM EST) -- 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.

In an unsigned, unpublished opinion, the panel reversed a lower court’s denial of Unocal’s motion to dismiss the suit brought by FG Hemisphere Associates LLC’, a distressed debt fund. The lower court had ruled that the suit could proceed under an exception to the...
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Case Information

Case Title

FG Hemisphere Associates, et al v. Unocal Corp


Case Number

12-56031

Court

Appellate - 9th Circuit

Nature of Suit

3999 Miscellaneous

Date Filed

June 5, 2012


Case Title

FG Hemisphere Associates, LLC, et al v. Democratic Republic of Congo


Case Number

12-56110

Court

Appellate - 9th Circuit

Nature of Suit

3999 Miscellaneous

Date Filed

June 15, 2012

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