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ConocoPhillips Announces Preliminary 2022 Capital Expenditures Budget; Initiates Three-Tier Returns of Capital Program and Declares Quarterly Variable Cash Distribution

Retrieved on:

Monday, December 6, 2021

Todays announcement reflects the addition of Shells Permian Basin properties, including the previously announced expected 2022 capital expenditures and production associated with that transaction.

Key Points:

Todays announcement reflects the addition of Shells Permian Basin properties, including the previously announced expected 2022 capital expenditures and production associated with that transaction.
The first VROC of $0.20 per share will be paid on Jan. 14, 2022, to shareholders of record as of Jan. 3, 2022.
The company also announced its expected 2022 returns of capital program and the initiation of a three-tier returns of capital framework.
Returns of capital (also referred to as distributions) is defined as the total of the ordinary dividend, share repurchases and VROC.

Paweł Pietkiewicz, Robert Whitener and Nicole Silver Named to 2022 Who's Who Legal: Arbitration List

Retrieved on:

Thursday, December 2, 2021

WASHINGTON, Dec. 2, 2021 /PRNewswire-PRWeb/ -- International Arbitration & Litigation Practice Shareholders at global law firmGreenberg Traurig, LLP, Pawe Pietkiewicz , Robert Whitener , and Nicole Silver have been named to the 2022 Who's Who Legal: Arbitration list .

Key Points:

WASHINGTON, Dec. 2, 2021 /PRNewswire-PRWeb/ -- International Arbitration & Litigation Practice Shareholders at global law firmGreenberg Traurig, LLP, Pawe Pietkiewicz , Robert Whitener , and Nicole Silver have been named to the 2022 Who's Who Legal: Arbitration list .
Pietkiewicz and Whitener are recognized as Leading Arbitration Lawyers in Poland and Germany, respectively.
Who's Who Legal identifies the world's best arbitration lawyers who come highly recommended for their expertise in resolving complex international disputes.
Silver is a shareholder in the Washington, D.C. office and focuses her practice on international litigation and dispute resolution.

ConocoPhillips Announces Completion of All-Cash Permian Asset Acquisition

Retrieved on:

Wednesday, December 1, 2021

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Key Points:

ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Shell Enterprises LLCs prolific Delaware basin position for $9.5 billion in cash.
After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021.
Lance continued, The completion of this acquisition caps off an exceptional year and significantly strengthens our company as we head into 2022.
Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Credibility International Releases a Supplement to the Second Edition of its Study of Damages in Investor-State Cases

Retrieved on:

Wednesday, November 17, 2021

Credibility International is pleased to release a supplement to the Second Edition of its Study of Damages in Investor-State Cases which updates the analyses to include cases with a finding of no jurisdiction.

Key Points:

Credibility International is pleased to release a supplement to the Second Edition of its Study of Damages in Investor-State Cases which updates the analyses to include cases with a finding of no jurisdiction.
We are pleased to release a supplement to the second edition which considers cases with a finding of no jurisdiction.
Mr. Hart said, We are pleased to supplement our study which was already the most comprehensive study of damages in investor-state cases ever prepared.
Credibility thanks Transnational Dispute Management, who also kindly published the earlier editions of our study, for publishing this supplement to the second edition.

Nicole Silver Named to Latinvex's 2021 Latin America Top 100 Female Lawyers List

Retrieved on:

Friday, October 22, 2021

Silver, an International Arbitration & Litigation Practice shareholder at global law firm Greenberg Traurig, LLP, has been named to Latinvex's 2021 Latin America's Top 100 Female Lawyers list.

Key Points:

Silver, an International Arbitration & Litigation Practice shareholder at global law firm Greenberg Traurig, LLP, has been named to Latinvex's 2021 Latin America's Top 100 Female Lawyers list.
This is the sixth consecutive year that Silver has been selected for the prestigious list, which is compiled annually by the publication's editorial staff.
Attorneys recognized on the list represent the top female lawyers specializing in Latin America among international firms.
Silver, who is based in Greenberg Traurig's Washington, D.C. office, focuses her practice on international litigation and dispute resolution.

King & Spalding Bolsters International Arbitration Team With Addition of Érica Franzetti

Retrieved on:

Tuesday, October 5, 2021

WASHINGTON, Oct. 5, 2021 /PRNewswire/ --King & Spalding today announced that rica Franzetti has joined the firm as a partner in the Trial and Global Disputes practice group in the Washington, D.C., office.

Key Points:

WASHINGTON, Oct. 5, 2021 /PRNewswire/ --King & Spalding today announced that rica Franzetti has joined the firm as a partner in the Trial and Global Disputes practice group in the Washington, D.C., office.
Franzetti's practice focuses on international commercial and investor-state arbitration matters across several industry sectors, including energy and natural resources, life sciences, financial services, hospitality and information technology.
"rica is an accomplished international arbitration practitioner and her addition adds significant depth to our team," said Andy Bayman, Chair of the firm's Trial & Global Disputes Practice.
"The incredible reputation of the King & Spalding international arbitration team was what drew me to this firm," Franzetti said.

ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Tuesday, Nov. 2

Retrieved on:

Wednesday, September 22, 2021

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Key Points:

ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, Nov. 2, 2021, at 12:00 p.m. Eastern time to discuss third-quarter 2021 financial and operating results.
To access the webcast, visit ConocoPhillips Investor Relations site, www.conocophillips.com/investor , and click on the "Register" link in the Investor Presentations section.
You should register at least 15 minutes prior to the start of the webcast.
Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

ConocoPhillips Announces Significant Enhancement to Multi-Year Plan with All-Cash Permian Asset Acquisition; Increases Ordinary Dividend; Improves 2030 Emissions Intensity Reduction Target

Retrieved on:

Monday, September 20, 2021

The actions include:

Key Points:

The actions include:
A complementary, highly accretive acquisition of Shell Enterprises LLCs prolific Delaware basin position for $9.5 billion in cash.
In conjunction with this transaction, the company also announced it will improve its Scope 1 and 2 GHG emissions intensity reduction targets.
The prior 2030 reduction target of 35-45% on a gross operated basis will be increased to 40-50%, versus a 2016 baseline, on both a net equity and gross operated basis.
The transaction will be funded from available cash while still retaining a significant level of cash on the balance sheet for general purposes.

Eco Oro Prevails on Liability in Claim Against Colombia

Retrieved on:

Friday, September 10, 2021

Importantly, Eco Oro was also lauded for its social programs and environmental practices, receiving awards both internationally and from the Colombian authorities.

Key Points:

Importantly, Eco Oro was also lauded for its social programs and environmental practices, receiving awards both internationally and from the Colombian authorities.
Eco Oro thus invoked the Treaty in commencing the arbitration and contending that Colombia violated investor protections to which Eco Oro was entitled under the Treaty.
The Decision upheld Eco Oros claims that Colombia breached Article 805 of the Treaty, by failing to accord fair and equitable treatment to Eco Oros investments in Colombia relating to the Angostura Project.
Eco Oro Minerals Corp. is a publicly-traded company and its arbitration against the Republic of Colombia is its core focus.

HSBC initiates legal proceedings against El Salvador, claiming Supreme Court ruling was a denial of justice and breach of El Salvador-United Kingdom Bilateral Investment Treaty

Retrieved on:

Wednesday, August 18, 2021

Banking, Professional Services, Finance, International Centre, Law of the United Kingdom, Government, Settlement, International Centre for Settlement of Investment Disputes, Government of El Salvador, Republic, ICSID, World, Bank, United Kingdom, World Bank Group, Supreme court, General counsel, Online gambling, Airline

The dispute arises from a case in El Salvadoran courts in which HSBC sought to recover approximately $2 million in unpaid loans to a local business.

Key Points:

The dispute arises from a case in El Salvadoran courts in which HSBC sought to recover approximately $2 million in unpaid loans to a local business.
Specifically, the Supreme Court decision breached El Salvadors obligations to UK investors under the El Salvador-United Kingdom Bilateral Investment Treaty, HSBC claims.
To date, the Government of El Salvador has provided no substantive response, so HSBC moved forward with the arbitration proceeding.
With assets of US$2,976bn at 30 June 2021, HSBC is one of the worlds largest banking and financial services organisations.