5th Circuit Holds $9.8M Award Was Reasoned, Affirms Confirmation

(May 30, 2019, 1:42 PM EDT) -- NEW ORLEANS — After holding that an award issued in a dispute over a sale and purchase agreement for the sale of assets was reasoned and that arbitrators did not exceed their powers, the Fifth Circuit U.S. Court of Appeals on May 24 affirmed the confirmation of a $9.8 million award issued in favor of Argentinian and Netherlands entities (YPF S.A., et al. v. Apache Overseas Incorporated, et al., No. 17-20802, 5th Cir., 2019 U.S. App. LEXIS 15567)....

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