Judge Stays Enforcement Of $6B Award Against Pakistan Pending ICSID Review

Mealey's (February 24, 2020, 10:22 AM EST) -- WASHINGTON, D.C.— A federal judge in the District of Columbia on Feb. 13 granted via docket entry a stay sought by the Islamic Republic of Pakistan regarding a petition to enforce a $6 billion arbitral award it was ordered to pay a mining company over a denied copper and gold mining license pending any further decision on its annulment application by the International Centre for Settlement of Investment Disputes (ICSID) (Tethyan Copper Company Pty Limited v. Islamic Republic of Pakistan, No. 19-2424, D. D.C.)....