High Court Gives Chinese Entity More Time To Respond In Ecuadorian Oil Award Row

(December 12, 2023, 2:22 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court granted a Chinese company-owned oil investor nearly two months to respond to a U.S. oil company’s petition for a writ of certiorari challenging the Second Circuit U.S. Court of Appeals’ affirmance of an award against it worth more than $392 million in relation to a $1 billion Ecuadorian oil dispute between the parties after requesting a response from the Chinese investor....