Judge Refuses To Stay Execution Of $497M Award Pending D.C. Circuit Appeal

Mealey's (November 15, 2018, 1:50 PM EST) -- WASHINGTON, D.C. —  A District of Columbia federal judge on Nov. 13 denied a request filed by the Republic of Kazakhstan to stay the execution of a $497,685,101 arbitral award pending its appeal of an ordering confirming the award, finding that it failed to show that certain assets obtained in Europe were good alternative sources of security or that the usual requirement for posting a bond should not be followed by the court (Anatoli Stati, et al. v. Republic of Kazakhstan, No. 14-1638, D. D.C.)....