Overview
Yesterday, The Court of Appeal in London rejected the National Iranian Oil Company’s jurisdictional challenge over a failed gas supply deal to its former Emirati partner in favour of our client, Crescent Petroleum. Iran’s state oil company lost its latest bid to challenge a $2.4 billion award to Crescent.
McDermott’s arbitration partner Michael Darowski represented Crescent Petroleum, alongside counsel Ricky Diwan KC of Essex Court Chambers, Tariq Baloch of 3VB and Moeiz Farhan of 36 Stone.
