Russia Can’t Avoid FSIA Jurisdiction In $34M Petition For Crimean Asset Seizures

Mealey's ( December 13, 2024, 11:08 AM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Dec. 12 denied the Russian Federation’s motion to dismiss for lack of jurisdiction a joint petition filed by 11 Ukrainian companies seeking to confirm arbitral awards worth more than $34 million in their favor for the seizure of their assets in Crimea, finding that the court has jurisdiction under the Foreign Sovereign Immunities Act (FSIA) and denying Russia’s motion for a stay....

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