2015 Hanwha Resources (USA) Corp., et al. v. O’Ryan Oil & Gas, et al
Arbitration in Houston, Texas. DLJ represented Hanwha Resources (USA) Corp., a subsidiary of Hanwha Corporation, one of the largest conglomerates in South Korea. Hanwha alleged that O’Ryan Oil & Gas made material misrepresentations related to the sale of undivided working interests in certain oil-and-gas leases sold to Hanwha as part of a joint venture with O’Ryan. Hanwha sought damages in excess of $48 Million. The matter was arbitrated and resulted in a confidential award.