Petroleum Entity Asks 5th Circuit To Affirm Confirmation Of $145.7M Award

Mealey's (June 20, 2019, 12:59 PM EDT) -- NEW ORLEANS — A Petroleum company on June 19 filed its response to an appeal brought in the Fifth Circuit U.S. Court of Appeals by Ukraine’s largest oil company, arguing that a district court’s order confirming a $145.7 million arbitration award issued in its favor should be upheld because the court had jurisdiction over the case under the Federal Arbitration Act (FAA) (OJSC Ukrnafta v. Carpatsky Petroleum Corp., et al., No. 19-20011, 5th Cir.)....