Oil Company Seeks To Confirm Award Worth $540M Against Former Partner

Mealey's (May 13, 2021, 3:13 PM EDT) -- NEW YORK — A Barbadian company on May 3 filed a petition in a New York federal court to confirm an arbitral award worth approximately $540 million against a California entity for withholding its contractually obligated share of a nearly $1 billion award the California entity received for a separate arbitration against the Republic of Ecuador regarding a terminated oil field contract....