High Court Review Sought Of Public Policy Ruling In Confirmation Of $622M Award

Mealey's (February 1, 2021, 1:14 PM EST) -- WASHINGTON, D.C. — Three petroleum companies in a Jan. 25 petition for a writ of certiorari to the U.S. Supreme Court say clarification is needed of what standard of review courts should apply to public policy defenses in proceedings to confirm arbitral awards, arguing that in their case, the Fifth Circuit U.S. Court of Appeals improperly deferred to a tribunal’s findings giving effect to a contract procured through bribery when it affirmed the confirmation of an award valued at approximately $622 million....