Saudi Arabian Sheiks’ Heirs Say Supreme Court Decision Supports Bid For $18B Award

Mealey's (June 19, 2020, 8:51 AM EDT) -- SAN FRANCISCO — The heirs of two Saudi Arabian sheiks argue in a June 8 reply brief to the Ninth Circuit U.S. Court of Appeals that a recent U.S. Supreme Court decision in GE Energy “effectively overrules” the district court opinion dismissing their petition to confirm an $18 billion arbitral award against Chevron Corp. in a dispute over Saudi oil fields and, therefore, justifies reversal because the high court in part found that nonsignatories to arbitration clauses can pursue arbitration (Waleed Al-Qarqani, et al. v. Chevron Corporation, et al., No. 19-17074, 9th Cir.)....