Saudi Oil Co. Seeks Enforcement Of $5.3M Arbitration Win

Law360 (November 20, 2018, 7:59 PM EST) -- A Saudi Arabian oil logistics company asked a Texas federal court on Monday to confirm that it's entitled to a $5.3 million award after a Saudi arbitration panel ruled in its favor against a Houston-based former partner in a contract dispute.

Gulf Haulage Heavy Lift Co. wants the court to sign off on its $5.33 million award, issued by an arbitration panel in April 2017 against Swanberg International Ltd., according to Monday's filing.

GHHL and Swanberg entered into a partnership agreement in 2013 in a Saudi-based heavy oilfield equipment operation, but the relationship broke apart when Swanberg didn't follow through by...

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