Saudi Arabian Company Awarded Shares In Oil Company, $1.2M In Costs

Mealey's (March 18, 2020, 11:54 AM EDT) -- PHOENIX — An Arizona distribution company must transfer shares in a company that provides services to the oil and gas industry in the Middle East and Africa to a Saudi Arabian company, an Arizona federal judge held March 10, confirming a foreign arbitral award and ordering arbitration and legal costs of more than $1.2 million to the Saudi Arabian company (Ali Zaid Al-Quraishi v. Landers Distribution Group, Inc., No. 19-03181, D. Ariz., 2020 U.S. Dist. LEXIS 41704)....