D.C. Circuit Vacates $58.6M Judgment Against Moldova, Cites Change In Currency

Mealey's (January 19, 2021, 1:46 PM EST) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on Jan. 15 affirmed a district court’s confirmation of an arbitral award with prejudgment interest against the Republic of Moldova for an electricity supply dispute with a Ukrainian company, but vacated the court’s entry of judgment in the amount of nearly $58.6 million because it found that the district court did not adequately consider the republic’s expectation that the award would be payable in Moldovan currency....