Transportation Co. Can't Ditch $5.3M Saudi Arbitration Award

Law360 (August 27, 2019, 6:26 PM EDT) -- A Texas federal judge has told a Houston-based transportation and logistics company that its "backdoor" arguments were not good enough reasons to vacate a $5.3 million arbitral award against it in a contract dispute with a Saudi Arabian company.

U.S. District Judge Alfred H. Bennett on Monday denied Swanberg International Ltd.'s attempt to vacate a 2017 award in favor of Gulf Haulage Heavy Lift Co. that directed Swanberg to return money Gulf Haulage had paid for equipment related to a joint venture to erect, dismantle and transport oil and gas drilling rigs in Saudi Arabia.

Judge Bennett then granted Gulf Haulage's November...

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