Company Asks Court To Enter Default Judgment For $15M Award Against Kyrgyzstan

Mealey's (December 21, 2020, 9:28 AM EST) -- NEW YORK — A Delaware entity on Dec. 9 moved for default judgment recognizing an arbitral award worth approximately $15 million plus interest against the Kyrgyz Republic for its indirect expropriation of investments in the Kyrgyz mining sector, writing that the republic has not appeared or responded to the petition more than three months after being served and that no grounds exist to refuse recognition of the award (Gillham LLC v. The Kyrgyz Republic, No. 20-1795, D. D.C.)....