Egypt Says Spanish Company Can’t Issue Subpoenas For Enforcement Of $2B Award

Mealey's (May 15, 2020, 1:17 PM EDT) -- NEW YORK — The Arab Republic of Egypt argues in a May 13 reply brief in support of its motion to quash or modify subpoenas issued by a Spanish company against the New York clearinghouse that houses its financial records that the company is engaged in an “improper fishing expedition” and that discovery in aid of a planned enforcement action does not qualify as “for use in a foreign proceeding” under statutory requirements (In Re:  Petition of Unión Fenosa gas, S.A., No. 20-188, S.D. N.Y.)....