English Justice Sets Aside Interim Debt Orders In Relation To Award

English Justice Sets Aside Interim Debt Orders In Relation To Award

LONDON - An England and Wales justice on Nov. 18 found that various parts of interim third-party debt orders, which were issued in relation to a $8,716,477 arbitration award in favor of a petroleum corporation and against an Iraqi oil marketing company, should be set aside (Taurus Petroleum Limited v. State Oil Marketing Company of the Ministry of Oil, Republic of Iraq, No. [2013] EWHC 3494 [Comm], England and Wales, Comm.).

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