Landmark Case:

Apache Bohai Corp. LDC v. Texaco China BV

In a dispute involving production sharing contracts and petroleum exploration and development at a bay in China, a judgment confirming an arbitration award in favor of Texaco China is affirmed where: 1) an arbitration clause granted the arbitrator sufficient authority to consider the validity of an exculpatory clause in the parties' agreement; and 2) the arbitrator did not ignore any plainly governing principles of applicable law in awarding consequential and cost-of-drilling damages and by failing to apply mitigation principles to reduce the award.

Marquis Who's Who in America 2007

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