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PDV Sweeny, Inc. v. ConocoPhillips Company
Case Number:
16-170
Court:
Nature of Suit:
Companies
Sectors & Industries:
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November 07, 2016
Venezuela Can't Kill ConocoPhillips Award At 2nd Circ.
The Second Circuit on Monday upheld a district judge's decision to confirm an arbitration award worth as much as $540 million that ConocoPhillips won from its Venezuelan partners in a Texas refinery joint venture, ruling that the partners couldn't show that the award violated New York public policy.
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October 27, 2016
2nd Circ. Unlikely To Unwind ConocoPhillips Arbitration Win
Venezuelan oil suppliers faced an uphill battle in the Second Circuit Thursday as they argued that an arbitrator's decision allowing ConocoPhillips Co. to dissolve a Texas refinery joint venture amounted to an unlawful penalty, with one judge appearing skeptical that they were penalized at all.
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July 13, 2016
ConocoPhillips Award Violates US Policy, 2nd Circ. Hears
Affiliates of Venezuela's state-owned oil company told the Second Circuit on Tuesday it must order a lower court to scrap an arbitration award in a dispute with ConocoPhillips Co. or risk depriving American courts of the power to overturn awards that violate U.S. public policy.
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June 29, 2016
ConocoPhillips Rips Venezuela Over $10M Award In 2nd Circ.
Oil driller ConocoPhillips Co. ripped an effort by Venezuela's national oil company PDVSA to annul an arbitration award related to their Texas oil refinery joint venture in the Second Circuit on Tuesday, saying Venezuela hasn't proven the award violated "the most basic notions of morality and justice."