Mealey's Litigation Procedure - Judge Confirms $145.7M Swedish Award In Oil Field Development Dispute

Mealey's Litigation Procedure - Judge Confirms $145.7M Swedish Award In Oil Field Development Dispute

HOUSTON - After finding that none of a Ukrainian entity's objections to an award issued in favor of a petroleum corporation by a Swedish arbitral tribunal applied, a Texas federal judge on Oct. 2 confirmed the $145.7 million award in the company's favor (OJSC Ukrnafta v. Carpatsky Petroleum Corp., et al., No. 09-891, S.D. Texas, 2017 U.S. Dist. LEXIS 163064).

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