Judge Refuses To Vacate Default Ruling On Petition To Confirm $27M Award

(October 8, 2018, 1:49 PM EDT) -- NEW YORK — A New York federal judge on Sept. 30 refused to vacate a default ruling that resulted in the confirmation of an international arbitration award in 2000, which was also confirmed in a renewal action in the amount of $27,405,766, but ordered additional briefing on whether a Moldovan entity is the “alter ego” of Moldova pursuant to the ruling in  First National City Bank v. Banco Para El Comercio Exterior de Cuba, 462 U.S. 611 (1983) (Gater Asssets Ltd. v. AO Gazsnabtranzit, et al., No. 16-cv-04118, S.D. N.Y., 2018 U.S. Dist. LEXIS 171350)....