Chinese Co. Moves To Dodge Suit Over $775M BP Asset Sale

Law360, New York (August 1, 2017, 7:44 PM EDT) -- A Chinese petroleum company urged a Texas federal judge Tuesday to toss a consulting firm’s suit over unpaid invoices related to the $775 million sale of certain BP PLC assets, arguing that the court does not have jurisdiction over the dispute, which is currently in arbitration.

The oil and gas consulting firm, International Energy Ventures Management LLC, had asked the court to force United Energy Group Ltd. to arbitrate their dispute relating to certain payments allegedly owed under the 2011 deal by which UEG purchased BP...
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