Skadden Arps Slate Meagher & Flom has won an arbitration victory for the Alfa-Access-Renova (AAR) group in its dispute with BP over its proposed $16bn (£10bn) strategic alliance with Russia's Rosneft. The arbitration tribunal ruled last week (24 March) that BP will not be allowed to enter into an alliance with Russian state-owned oil company Rosneft, which would have involved an equity-linked partnership to pursue joint projects in the Russian Arctic shelf.
March 29, 2011 at 11:24 AM
1 minute read
The original version of this story was published on Legalweek
Skadden Arps Slate Meagher & Flom has won an arbitration victory for the Alfa-Access-Renova (AAR) group in its dispute with BP over its proposed $16bn (£10bn) strategic alliance with Russia’s Rosneft.
The arbitration tribunal ruled last week (24 March) that BP will not be allowed to enter into an alliance with Russian state-owned oil company Rosneft, which would have involved an equity-linked partnership to pursue joint projects in the Russian Arctic shelf.
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