Romania Again Challenges Confirmation Of Award Deemed Unenforceable By EU Court

Mealey's (January 23, 2023, 10:39 AM EST) -- WASHINGTON, D.C. — The government of Romania filed notice of its fourth appeal to the D.C. Circuit U.S Court of Appeals after a federal judge denied its 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 despite a ruling by the European Union’s highest court prohibiting payment of the award in favor of Swedish investors....

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