Oil Company Waives Response To Saudi Heirs’ Petition To High Court Over $18B Award

Mealey's (March 17, 2022, 2:49 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on March 9 distributed for conference a petition for a writ of certiorari filed by the heirs of Saudi sheiks after an American oil company waived its right to respond to the heirs’ assertion that the Ninth Circuit U.S. Court of Appeals violated the New York Convention, Federal Arbitration Act (FAA) and standards of impartiality in affirming the dismissal of their action to enforce an $18 billion arbitral award....