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5th Circ. Affirms OK Of $147M Oil Development Award

By Caroline Simson (April 6, 2020, 10:51 PM EDT) -- Ukraine's largest oil company must pay a $147 million arbitral award issued to U.S.-based Carpatsky Petroleum Corp. following a soured oil and gas development deal, after the Fifth Circuit on Monday rejected arguments that an alleged undisclosed change in Carpatsky's place of incorporation had invalidated the arbitration agreement....

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