5th Circuit Clarifies Ukrainian Oil Company’s Ownership, Doesn’t Alter Award

Mealey's (May 21, 2020, 5:15 PM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel on April 28 granted a petition for panel rehearing filed by a Ukrainian oil company and modified its previously issued opinion to reflect that the company is not entirely state-owned, without changing its holding affirming a $147 million arbitral award against the company (OJSC Ukrnafta v. Carpatsky Petroleum Corp., et al., No. 19-20011, 5th Cir., 2020 U.S. App. LEXIS 14264)....