Judge Stays Russian-Linked Company’s Bid To Confirm Award Pending Swiss Appeal

Mealey's (October 24, 2022, 11:29 AM EDT) -- CHICAGO — An Illinois federal judge stayed a petition to confirm a $7.5 million award in a pig iron sales dispute filed by an Illinois-based company that is owned by the daughter of a Russian industrialist, rejecting arguments by the Swiss award-debtor that enforcing the award would violate U.S. foreign policy but staying litigation pending the debtor’s appeal in Switzerland to increase a nearly $2.5 million award in its favor....