DC Judge Won't Confirm Hardy's $74M Award Against India
Law360, New York (December 1, 2016, 4:06 PM EST) -- A D.C. federal judge refused Wednesday to confirm a $74 million arbitral award against India following a dispute with a Hardy Oil and Gas affiliate over rights to certain natural gas reserves after concluding that India hadn't been properly served, though he declined to dismiss the suit.
U.S. District Judge Rudolph Contreras said he would allow Hardy Exploration & Production (India) Inc. another chance to properly effect service to India under the Foreign Sovereign Immunities Act, as was required because India is a foreign state. The arbitral award of 5 billion rupees — which HEPI told the court corresponds to roughly...
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