High Court Won’t Review Ruling That Saudi Oil Company Is Immune From $18B Award

Mealey's (May 31, 2022, 12:35 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on May 31 denied a group of Saudi Arabian sheikhs’ heirs’ petition for a writ of certiorari seeking review of a Fifth Circuit U.S. Court of Appeals ruling that found a Saudi oil company immune from their petition to confirm an approximately $18 billion arbitral award issued by an Egyptian arbitral body, which was later subjected to a criminal investigation, for oil exploration on land allegedly owned by the sheikhs....