Romania Asks D.C. Federal Court To Stay Case Pending CJEU Injunction Ruling

Mealey's (January 16, 2019, 1:13 PM EST) -- WASHINGTON, D.C — The government of Romania on Jan. 14 filed a reply to a group of investors’ opposition to its motion to stay the case pending the outcome of an action challenging an injunction issued by the European Commission (EU), arguing that the decision in that case will have an effect on the investors’ petition to confirm a $321,299,343 arbitral award (Ioan Micula, et al. v. Government of Romania, No. 17-cv-02332, D. D.C.)....