Complete victory in international commercial arbitration
In a long-fought battle on behalf of a major oil and gas company, Ware Jackson secured an international arbitration award early in 2021 that completely vindicated the client. The arbitrator dismissed claims against the client for over $2 billion in alleged damages by a failed Saudi Arabian joint venture and awarded the client over $8.5 million for its counterclaim for unpaid and past-due equipment invoices. At the end of the year, Ware Jackson successfully defended the arbitration award in a federal court in the United States, which rejected the Saudi company’s attempt to vacate the award. Attorneys Eileen O’Neill and Michelle Meriam.