Pristec Refining v Pristec America v Walter Gil de Rubio - American Arbitration Association Case No 01-22-0000-7497 - Arbitrators Rulings - 15 August 2022
Country
Year
2022
Summary
American Arbitration Association Case No 01-22-0000-7497
PRISTEC REFINING TECHNOLOGIES USA, LLC, EARLE REFINING LLC, EARLE OIL INVESTMENTS, LLC, and EARLE INVESTMENTS, LLC,
v
PRISTEC AMERICA, INC., (NEVADA), PRISTEC AMERICA, INC. (NEW JERSEY), INNOVATIVE CRUDE TECHNOLOGIES, INC., ANTHONY SICHENZIO, AND JOSEPH LAURA,
v
WALTER GIL de RUBIO
ARBITRATOR'S RULINGS ON CLAIMANTS' MOTIONS TO AMEND ARBITRATION DEMAND AND FOR ADDITIONAL DISCOVERY; AND THIRD PARTY RESPONDENT'S MOTION TO EXTEND DISCOVERY AND COMPEL RESPONSES TO DISCOVERY DEMANDS
BACKGROUND
Briefly, by way of background, this case arises from two failed joint ventures to commercialize in the United States a "revolutionary" oil refining technology developed by a non-party Austrian company Pristec A.G. This technology ("Pristec Technology"), which uses pressure and frequency waves to break down the molecules of heavy crude oil resulting in more easily refinable and therefore more marketable light crude, was licensed to Respondent Pristec America, Inc., who in turn sublicensed the technology to Claimants, in particular Pristec Refining Technologies USA, LLC ("PRT").
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