Magistrate Says Kyrgyzstan Should Face Tripled Sanctions For Asset Discovery Delay

Mealey's (November 11, 2020, 10:30 AM EST) -- NEW YORK — A federal magistrate judge in New York on Nov. 5 recommended that sanctions against the Kyrgyz Republic be tripled to $15,000 per day due to its “staggering” noncompliance with discovery and other court orders issued since 2018 in a Turkish hotel investor’s action to enforce an award that with costs and interest is worth $11.6 million (Sistem Mühendislik Insaat Sanayi Ve Ticaret v. The Kyrgyz Republic, No. 12-4502, S.D. N.Y., 2020 U.S. Dist. LEXIS 208487)....