U.S. Oil Company Urges 2nd Circuit To Rehear $392M Award In Ecuadorian Oil Dispute

(July 14, 2023, 10:43 AM EDT) -- NEW YORK — A California oil company petitioned the Second Circuit U.S. Court of Appeals on July 13 to rehear en banc a panel’s ruling confirming an arbitral 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, writing that the panel did not adequately address its contention that an arbitrator hearing the dispute “blatantly violated his disclosure obligations under the parties’ arbitration agreement.”...