Company Urges High Court To Review Validity Of $392M Ecuadorian Oil Award

(November 17, 2023, 8:15 AM EST) -- WASHINGTON, D.C. — A California oil company filed a petition for a writ of certiorari with the U.S. Supreme Court challenging a Second Circuit U.S. Court of Appeals panel’s affirmance of an International Centre for Dispute Resolution (ICDR) award against it worth more than $392 million for withholding another oil company’s share of a $1 billion award against the Republic of Ecuador, arguing that the award was tainted by an arbitrator’s lack of impartiality....