2nd Circuit Refuses Rehearing Of $392M Award In Ecuadorian Oil Dispute

(August 24, 2023, 2:51 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals denied a California oil company’s petition for rehearing of a panel’s ruling confirming an International Centre for Settlement of Investment Disputes (ICSID) 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....