English Appeals Court Affirms Ruling Setting Aside Interim Debt Orders
(August 24, 2015, 10:47 AM EDT) -- LONDON — An English appeals court on July 28 affirmed a court's decision to set aside parts of interim third-party debt orders that were issued in relation to an $8,716,477 arbitration award in favor of a petroleum corporation and against an Iraqi oil marketing company (Taurus Petroleum Limited v. State Oil Company of the Ministry of Oil, Republic of Iraq, No.  EWCA Civ 835, England and Wales App.).
(Judgment available. Document #05-150825-001X.)
A tribunal under Arbitration Rules of the United Nations Commission on International...