| pAtlanta-based law firm King amp; Spalding LLP has secured a $350 million arbitration award against Mexico’s national oil company./ppKing amp; Spalding represents Commisa, a subsidiary of U.S.-based KBR Inc. Commisa signed an agreement in 1997, with PEP, a subsidiary of Mexico’s national oil company, to build two large offshore natural gas platforms and other structures in the Bay of Campeche on the Gulf of Mexico, according to a King amp; Spalding news release./ppCommisa claimed PEP delayed and disrupted the construction and refused to pay for change orders. /ppThe International Court of Arbitration of the International Chamber of Commerce awarded Commisa $350 million in damages, fees, expenses and interest, according to the news release./ppKing amp; Spalding partners Robert Meadows in Houston and Charles Correll, Jr. in San Francisco represented Commisa./p |
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