Judge Declines To Hold Nonsignatories Liable For $30M Oil Award

Mealey's (August 12, 2022, 4:17 PM EDT) -- HOUSTON — A Texas federal judge on Aug. 4 declined to amend judgment confirming an arbitral award for nearly $30 million in favor of a Texas company for its dispute over African oil profits with a British Virgin Islands (BVI) entity, ruling that the award is satisfied and declining to reevaluate or order arbitration on the issue of whether the BVI entity’s Chinese affiliates are its alter egos or bound by the award....