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$1.1M Award In Refinery Row Can Stand, English Judge Says

Law360, New York (December 4, 2017, 9:16 PM EST) -- Trinidad and Tobago's state-owned energy company has failed to convince an English High Court justice to set aside a $1.1 million arbitral award issued to a Samsung Engineering Co. Ltd. subsidiary following a dispute centering on the construction of certain structures at an oil refinery.

The issue before the court was whether the tribunal had properly applied a certain cap limiting the amount of damages that could be asserted in a counterclaim by Petroleum Company of Trinidad and Tobago Ltd., or Petrotrin, in the arbitration that...
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