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An oil company looking to enforce a $558.6 million arbitral award against an Occidental Petroleum Corp. unit has been given permission by a New York judge to hunt down its parent company's assets in California, as Occidental continues its efforts to have the award nixed over an alleged conflict of interest.
An oil company looking to enforce a $558.6 million arbitral award against an Occidental Petroleum Corp. unit has been given permission by a New York judge to hunt down its parent company's assets in California, as Occidental continues its efforts to have the award nixed over an alleged conflict of interest.
An Occidental Petroleum unit is pressing the Second Circuit to vacate a $392 million arbitral award issued to Andes Petroleum Ecuador Ltd., saying an undisclosed relationship between Andes' lead counsel and Occidental's appointed arbitrator undermined the entire process.
Andes Petroleum Ecuador Ltd, 16 years in Ecuador chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.