5th Circ. Upholds Arbitration Order In Nigeria Oil Dispute

Law360, New York (August 10, 2017, 1:38 PM EDT) -- The Fifth Circuit on Wednesday upheld a Texas federal court’s decision to send to arbitration a Nigerian oil company’s $1.6 billion fraud lawsuit against energy giant Chevron, finding that their arbitration agreement falls under an international enforcement treaty, even if all the parties involved might be U.S. entities.

Brittania-U Nigeria Ltd. has accused Chevron USA Inc., a unit of San Ramon, California-based energy giant Chevron Corp., and two individuals of unfairly rejecting its $1.6 billion offer for an oil mining lease in favor of less lucrative offers submitted by its competitors. The oil company had sued Chevron in a Texas state...

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