High Court Won’t Review Public Policy Ruling In Confirmation Of $622M Award

Mealey's (February 22, 2021, 9:56 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Feb. 22 declined to review a Fifth Circuit U.S. Court of Appeals ruling affirming the confirmation of an award valued at approximately $622 million that was challenged by three petroleum companies that contended that the Fifth Circuit misapplied the Panama Convention’s public policy defense when it deferred to a tribunal’s findings giving effect to a contract procured through bribery....