High Court Distributes Challenge To $392M Award After Parties Announce Settlement

(February 26, 2024, 9:40 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court distributed a U.S. oil company’s petition for a writ of certiorari challenging the affirmance of an award against it worth more than $392 million in favor of an oil investor owned by a Chinese company issued in relation to a $1 billion Ecuadorian oil dispute involving the parties, shortly after the parties jointly moved to defer consideration citing a settlement of their dispute....