Oil Company Seeks Vacatur Of Split Tribunal’s Award In Ecuadorian Oil Dispute

(September 25, 2023, 10:03 AM EDT) -- NEW YORK — A Texas oil company filed a cross-petition in New York federal court seeking to vacate a split tribunal’s arbitral award ordering it to pay a Chinese oil company roughly $3.7 million in attorney fees after rejecting its claim for $309 million as barred by the res judicata effect of an earlier award, writing that the tribunal manifestly disregarded the law by “declining to address” its “substantive claims.”...