Judge Vacates Tribunal’s Addendum Slashing $4M From $10.5M Gas Well Award

(November 7, 2023, 1:58 PM EST) -- HOUSTON — A Texas federal judge on Nov. 6 granted a U.S. company’s motion to partly confirm and partly vacate two arbitral awards issued in a dispute with a British Virgin Islands (BVI) entity over profits from gas wells in the Republic of Cameroon, finding as the company argued that the tribunal erred in issuing an addendum granting the BVI entity’s request to reduce its original award by more than $4 million....