On June 15, 2023, the Second Circuit Court rejected Occidental Petroleum's attempt to overturn a $392 million arbitral award granted to Andes Petroleum Ecuador Ltd. The dispute arose from an alleged undisclosed relationship between Andes' lead counsel and Occidental's appointed arbitrator. Despite Occidental's legal efforts, the court upheld the award, marking a significant victory for Andes Petroleum Ecuador Ltd. in the ongoing legal battle.
This ruling underscores the importance of transparency and integrity in the arbitration process. It serves as a reminder to all parties involved in international disputes to adhere to ethical standards and disclose any potential conflicts of interest. The decision sets a precedent for fair and equitable resolution of investment disputes, ensuring that arbitration awards are based on merit and adherence to legal principles.
Davy Aaron Karkason, the founding attorney of Transnational Matters PLLC, represents a diverse clientele of international companies across various industries. With a focus on international arbitration and investment law, Karkason has extensive experience in resolving complex cross-border disputes. His dedication to upholding legal standards and advocating for his clients has solidified his reputation as a respected attorney in Florida and beyond.
As a leading figure in transnational law, Karkason provides valuable insights through his legal articles, podcasts, and press releases. His firm, Transnational Matters PLLC, offers comprehensive legal services for businesses involved in international transactions and disputes. With a commitment to excellence and professionalism, Karkason continues to navigate the complexities of global legal matters and deliver favorable outcomes for his clients.
Transnational Matters PLLC specializes in handling international arbitration cases and investment disputes for clients worldwide. By leveraging their expertise in cross-border legal matters, the firm assists businesses in navigating the complexities of international law and achieving favorable outcomes in dispute resolution. With a focus on integrity and efficiency, Transnational Matters PLLC is dedicated to providing top-tier legal representation for companies engaged in global transactions and investments.
By offering innovative solutions and strategic guidance, Transnational Matters PLLC enables clients to effectively navigate the challenges of international arbitration and investment disputes. With a track record of success in resolving complex legal issues, the firm continues to be a trusted partner for businesses seeking legal assistance in transnational matters. Through their commitment to excellence and client-centered approach, Transnational Matters PLLC remains at the forefront of international legal services.
