Imperial Ethiopian Government v. Baruch-Foster Corporation
Court of Appeals for the Fifth Circuit
1Opinion of the Court
GODBOLD, Circuit Judge:
Baruch-Foster Corporation (BFC) invoked arbitration to settle a dispute arising under a petroleum development agreement made with the Imperial Ethiopian Government (Ethiopia) in 1966. Ethiopia repudiated its obligations under the agreement in 1970, following BFC’s delayed performance of an obligation to drill a test oil well. Pursuant to the agreement each party named an arbitrator, and the two arbitrators agreed on a third person to serve as the third member and president of the arbitration board. In February 1974 the arbitrators entered their unanimous award,…
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