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Justices Won t Review $622M Award Against Petrobras
Law360 (February 22, 2021, 10:43 AM EST) Petrobras on Monday was unable to convince the U.S. Supreme Court to review a Fifth Circuit decision enforcing a $622 million arbitral award to Vantage Deepwater Co., despite allegations that the underlying contract with the Texas oil rig operator was tainted by bribery.
The justices turned away the petition, in which Petrobras had argued that they needed to resolve how much deference courts are obligated to give arbitrators when adjudicating whether enforcement of an arbitral award would contravene U.S. public policy. The dispute relates to a cancelled drilling contract, which Petrobras claims was secured through $30 million in bribes paid to.
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International Arbitration Group Of The Year: Sidley
Law360 (December 16, 2020, 5:30 PM EST) Sidley Austin LLP notched big wins in disputes around the globe, including a favorable World Trade Organization ruling on behalf of Qatar s beIN sports broadcasting group against Saudi Arabia and a successful defense of Peru over an investor s claims of more than $120 million, landing the firm a place on Law360 s International Arbitration Groups of the Year.
With a practice that comprises more than 60 lawyers worldwide a number the firm expects to keep growing Sidley has grabbed headlines in several noteworthy cases, including one over a $734 million arbitral award for Vantage Deepwater Co. against Petrobras over a canceled.