High Court Won’t Rehear Challenge To Saudi Company’s Immunity From $18B Award

Mealey's (August 1, 2022, 1:27 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on Aug. 1 denied a petition for rehearing filed by the heirs of Saudi Arabian sheikhs’ heirs in their ongoing fight for review of the Fifth Circuit U.S. Court of Appeals’ ruling that a Saudi oil company was immune from their petition to confirm an approximately $18 billion arbitral award, with the heirs arguing for rehearing because the petitioners include a diplomat....