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. [2015] EWCA Civ 835, England and Wales App.).

(Judgment available. Document #05-150825-001X.)

Award

A tribunal under Arbitration Rules of the United Nations Commission on International...
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