Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Monday, June 17, 2024 | Back issues
Courthouse News Service Courthouse News Service

Circuit OK’s Arbitration Award In Slop-Oil Dispute

NEW ORLEANS (CN) - The 5th Circuit has refused to overturn an arbitration award that Texas-based Gulf Petro Trading Co. and its affiliates claimed Nigeria's state-owned oil company procured with a $25 million bribe. A Swiss arbitrator ruled against the U.S. company in the parties' long-standing dispute over a contract to salvage slop oil. See ruling.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...