Conoco Wins Appeal In $6.8M Drilling Contract Fight

Law360, New York (August 19, 2008, 12:00 AM EDT) -- A Texas court of appeals has affirmed a trial court's decision granting energy giant ConocoPhillips Co.'s request for stay of arbitration in a $6.8 million offshore drilling contract dispute with marine consultant ODL Services Inc.

In a decision handed down Aug. 14 by the First District of the Court of Appeals of Texas, the appeals court upheld the lower court's decision to grant Conoco's application under the Texas General Arbitration Act to stay arbitration related to a contract dispute in which ODL claims Conoco owes it...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.