U.S., Luxembourg Companies Settle Dispute Over Nearly $1.4B Award’s Enforcement

Mealey's (October 21, 2022, 8:12 AM EDT) -- NEW YORK — A New York federal judge granted a joint motion to stay litigation between a U.S. company seeking to enforce a nearly $1.4 billion arbitral award against the Luxembourg-based parent company and alleged alter ego of a Mauritian award-debtor after the parties informed the court they have reached a confidential settlement agreement in principle....