Spanish Company Can Issue Subpoenas For Egyptian Records To Enforce $2.01B Award

Mealey's (April 16, 2020, 11:57 AM EDT) -- NEW YORK — A Spanish company seeking to enforce a $2.01 billion arbitral award against Egypt that was registered in an English court can issue subpoenas in aid of the foreign proceeding against a New York-based clearing agency that allegedly has records of Egyptian assets, a federal judge in New York ordered April 13 (Unión Fenosa Gas SA v. The Depository Trust Company, No. 20-188, S.D. N.Y.)....