Poland Asks To Dismiss Or Stay Bid To Enforce $50M Award For Repealed Penalty

(June 19, 2024, 11:54 AM EDT) -- WASHINGTON, D.C. — The Republic of Poland filed a motion in District of Columbia federal court seeking to dismiss or stay a Cypriot energy investor’s petition to enforce an arbitral award against it worth more than $50 million, which was issued pursuant to the Energy Charter Treaty (ECT) after Poland refused to refund the investor’s subsidiary for a 450 million Polish zloty fine that was later repealed by Polish courts....