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USA—Chevron defeats Saudis' 'sham' IAC arbitration award (Al-Qarqani v Chevron)

USA—Chevron defeats Saudis' 'sham' IAC arbitration award (Al-Qarqani v Chevron)
Published on: 25 September 2019
Published by: Law360
  • USA—Chevron defeats Saudis' 'sham' IAC arbitration award (Al-Qarqani v Chevron)
  • What did the court decide?

Article summary

Law 360: A California federal judge on 24 September 2019 declined to confirm a $17.9bn International Arbitration Centre (IAC) award against Chevron Corp (Chevron) that the oil company has criticised as a ‘sham’ ruling that the Saudi families that sought confirmation have not proven the existence of an agreement to arbitrate and that, in any case, the court lacks jurisdiction in the matter. or take a trial to read the full analysis.

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