Australian Entity Asks Court To Confirm $15M Award For Albanian Oil Dispute

(July 7, 2023, 1:20 PM EDT) -- WASHINGTON, D.C. — An Australian entity, as assignee of a Cayman Islands oil investor’s rights in an International Chamber of Commerce (ICC) arbitral award worth nearly $15 million against Albanian government agencies and an Albanian company, filed a petition in District of Columbia federal court seeking to confirm the award for a dispute over new taxes imposed on oil sales and production after the investor agreed to develop three oilfields....