2nd Circuit Asked To Uphold Award To Swedish Investors
Mealey's (April 29, 2016, 1:26 PM EDT) -- NEW YORK — In an April 28 brief, several investors urge the Second Circuit U.S. Court of Appeals to uphold a New York federal court decision recognizing a $185,530,618 award issued in their favor by the International Centre for Settlement of Investment Disputes (ICSID) (Ioan Micula, et al. v. Government of Romania, No. 15-3109-cv, 2nd Cir.).
(Brief available. Document #05-160524-010B.)
The investors say U.S. Judge J. Lorna Schofield of the Southern District of New York in an Aug. 5 opinion and Sept. 5 order “properly recognized”...