Judge Stays Petition To Confirm Award Issued In Dispute With Guinea

HOUSTON - A Texas federal judge on Nov. 7 adopted a magistrate judge's report and recommendation to dismiss a corporation's petition to confirm an international arbitration award issued in its favor and against the Republic of Equatorial Guinea, but stayed the case pending the outcome of a request to set aside the award in Paris (Fitzpatrick International Limited v. The Republic of Equatorial Guinea, No. 12-1300, S.D. Texas; 2013 U.S. Dist. LEXIS 160522).

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