Organisation: Occidental Petroleum
Occidental wins damages over Venezuelan dividends
An UNCITRAL tribunal has ordered Venezuela to pay US$105 million to a Barbadian subsidiary of Occidental Petroleum after finding the state liable for discriminatory conduct in its payment of dividends from an oil and gas venture.
18 November 2022
Ex-Oxy employees fail to win share of billion-dollar award
A US appeals court has refused to order Occidental Petroleum to pay a group of its former employees a share of a billion-dollar ICSID award it won against Ecuador over a terminated oil block contract.
09 May 2022
New LatAm boutique launches in three countries
Stephan Adell has left the partnership at Squire Patton Boggs to team up with former Dechert special legal consultant Juan Felipe Merizalde and launch a Latin American disputes boutique with offices in Colombia, the Dominican Republic and Panama.
05 May 2022
Sinopec defeats US enforcement bid
A US court has refused to enforce a US$21 million CIETAC award against a subsidiary of Chinese state-owned oil and gas company Sinopec.
25 April 2022
Panama Canal arbitrators cleared of bias
A US court has upheld an ICC award worth over US$270 million in favour of the Panama Canal Authority, rejecting a construction consortium’s allegations that the arbitrators showed bias by failing to disclose their “cross-appointments” in other cases.
19 November 2021
Oxy loses challenge over Ecuador payout
A US court has confirmed an award requiring Occidental Petroleum to pay more than US$500 million to its Chinese-owned former partner in an oil block in Ecuador, rejecting arguments that an arbitrator’s failure to disclose a professional relationship with a member of the award creditor’s counsel team amounted to a “fraud”.
18 November 2021
Debevoise names new practice leaders
Catherine Amirfar and Mark Friedman have been named as the new co-chairs of the international disputes group at Debevoise & Plimpton, taking over from Donald Donovan and David W Rivkin, who led the team for more than two decades.
20 May 2021
Occidental ordered to hand over share of ICSID award
A Chinese-owned oil company has applied to enforce an award worth more than US$540 million against Occidental Petroleum, representing its share of an ICSID settlement paid by the Ecuadorean government six years ago.
04 May 2021
Venezuela liable over oil dividends
A tribunal at the Permanent Court of Arbitration has found that Venezuela discriminated against an Occidental Petroleum subsidiary over the distribution of dividends from an oil and gas venture – but dismissed all other claims.
22 February 2021
Funder in place for mining claim against Poland
An Australian mining company says it has secured third-party funding for an imminent investment treaty claim against Poland over the obstruction of two coal projects.
30 June 2020