Judge Denies Relief After EU’s High Court Blocks Payment Of Award Against Romania

Mealey's (January 10, 2023, 9:12 AM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge recently denied the government of Romania’s motion for relief from three judgments ordering it to pay a confirmed arbitral award worth more than $350 million plus $1.5 million in sanctions, writing that rulings by the European Union’s highest court prohibiting payment of the award in favor of Swedish investors do not void the court’s previous judgments....

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