Judge Grants Chevron’s Motion To Dismiss Petition To Confirm Arbitration Award

Mealey's (October 7, 2019, 1:43 PM EDT) -- OAKLAND, Calif. — Heirs of two Saudi Arabian sheiks seeking to confirm a nearly $18 billion arbitration award against Chevron Corp. and Chevron U.S.A. Inc. (collectively, Chevron) in a dispute over Saudi oil fields failed to show that there was an operative arbitration agreement between the parties, a federal judge in California ruled Sept. 24, granting a motion to dismiss the heirs’ petition (Waleed Al-Qarqani, et al. v. Chevron Corporation, et al., No. 18-3297, N.D. Calif.)....