Judge Trims Spanish Company’s Subpoenas For Egyptian Records To Enforce $2B Award

Mealey's (June 3, 2020, 1:36 PM EDT) -- NEW YORK — A federal judge in New York on May 29 partly granted a motion filed by the Arab Republic of Egypt challenging subpoenas issued by a Spanish company against the New York clearinghouse that houses Egypt’s financial records by narrowing the document requests and quashing a subpoena for live testimony but found the subpoenas otherwise permissible under statutory requirements and precedent governing discovery for use in a foreign proceeding (Union Fenosa Gas, S.A. v. The Depository Trust Company v. Arab Republic of Egypt, No. 20-188, S.D. N.Y., 2020 U.S. Dist. LEXIS 94910)....