September 20, 2024
A lower court improperly vacated an arbitral tribunal's decision slashing some $4 million from a $10.6 million award issued to a Colorado-based exploration company following a dispute over a Cameroonian natural gas project, the Fifth Circuit ruled Thursday in a published opinion.
November 07, 2023
A Texas federal judge has reversed a tribunal's decision that reduced an oil and gas exploration company's $10.5 million arbitral award against a British Virgin Islands company by $4 million, ruling the reduction cannot be justified as a permissible correction of an error or miscalculation.
August 02, 2023
A Texas federal judge refused to dismiss a Texas oil and gas exploration company's suit challenging a tribunal's decision to slash its arbitral award against a British Virgin Islands company on Wednesday, saying the two companies agreed to arbitrate in the Lone Star State under contracts governed by its laws.
February 01, 2023
A Colorado-based oil exploration company urged a Texas court on Tuesday not to toss its lawsuit seeking to vacate a tribunal's decision slashing its $10.5 million arbitral award nearly in half, arguing that a Cameroonian gas company is asking it to issue an unprecedented ruling.
October 19, 2022
A Denver-based gas exploration company has asked a Texas federal court to undo an arbitration panel's decision to cut roughly $4 million from a $10.5 million award it secured against a Cameroonian development company, arguing that the panel exceeded its power in doing so.