Oil Company Can’t Convince Court To Reinstate Vacated Arbitration Award

Mealey's (September 18, 2019, 3:59 PM EDT) -- NEW YORK — An international arbitration award, now valued at nearly $2.7 billion, that was vacated by a Nigerian court can’t be reinstated by an American court, a federal judge in New York ruled Sept. 4, granting a motion to dismiss a petition for enforcement in a dispute between an oil company and an alter ego of Nigeria (Esso Exploration and Production Nigeria Limited, et al. v. Nigerian National Petroleum Corporation, No. 14-8445, S.D. N.Y., 2019 U.S. App. LEXIS 150406)....