Kenneth B. Reisenfeld, Mark Cymrot, Joshua Robbins Law360 Article Examines Impact of Suits and Judgments against Foreign Governments and State-Owned Oil Companies

Articles / January 17, 2017

Partners Kenneth Reisenfeld and Mark Cymrot and Counsel Joshua Robbins authored an article published Jan. 17, 2017, by Law360. The article, “Suits Against Foreign Sovereigns: Mixed Bag For Energy Cos.,” discusses the growing number of legal claims against foreign governments – including major oil-producing states – and the risks these actions pose for unrelated energy companies doing business with sovereign state-owned oil companies, particularly related to countries that have large, unsatisfied arbitral awards or judgments, like Venezuela, Argentina, Russia, Saudi Arabia, Brazil and Colombia. The authors write that companies should undertake precontractual due diligence and structure their cross-border transactions with state-owned companies in a manner that avoids or limits the potential collateral impact of a judgment or award creditor’s enforcement actions against the sovereign state.

Read the article.