D.C. Circuit Rejects Romania’s Challenge To $350M ICSID Award Based On EU Rulings

Mealey's ( May 15, 2024, 1:06 PM EDT) -- WASHINGTON, D. C. — A District of Columbia Circuit U. S. Court of Appeals panel on May 14 affirmed a federal judge’s denial of the government of Romania’s motion for relief from judgment ordering them to pay Swedish investors and their companies more than $350 million, writing that the court was not deprived of jurisdiction based on rulings from the European Union’s highest court deeming the underlying arbitral award invalid. . . .

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