Law360, New York (February 28, 2017, 3:56 PM EST) -- TransCanada Corp. on Monday suspended its $15 billion North American Free Trade Agreement arbitral claim against the U.S. over its cross-border permit denial for the Keystone XL pipeline, having reapplied for the permit at the urging of President Donald J. Trump.
TransCanada had formally launched its arbitration in June 2016, after former President Barack Obama in November 2015 rejected the controversial pipeline to ship oil sands from Canada to refineries on the Gulf Coast. However, the proceeding has been suspended until March 27, according to a Monday entry in the case records at the International Centre for Settlement of Investment Disputes,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!