Judge Stays Enforcement Of $155M Award Against India Pending Appeal

Mealey's ( March 21, 2025, 2:03 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge granted the Republic of India’s motion to stay enforcement of a confirmed Permanent Court of Arbitration (PCA) award worth more than $155 million in favor of a German investor in a now-liquidated Indian telecommunications company pending appeal and declined to require India to post a supersedeas bond citing its status as a sovereign....