BVI Entity Drops Appeal In $21.5M Award Fight Against Chinese Oil Company

Mealey's (November 30, 2022, 1:05 PM EST) -- WASHINGTON, D.C. — The District of Columbia Circuit U.S. Court of Appeals on Nov. 29 dismissed a British Virgin Islands (BVI) entity’s appeal of the dismissal of its petition to confirm an arbitral award worth more than $21.5 million against a Chinese oil exploration and production company after the parties jointly stipulated to dismissal....