Luxembourg Court Dismisses Greece’s Appeal Challenging Olympics Security Award

Mealey's (January 22, 2021, 3:46 PM EST) -- LUXEMBOURG — The Luxembourg Court of Appeals on Nov. 5 dismissed as unfounded the Hellenic Republic of Greece’s appeal challenging a Luxembourg district court’s confirmation of an arbitral award worth more than 40 million euros issued in favor of a U.S. information technology services provider after finding that the republic’s allegations that the underlying contract was procured through corruption were unsupported by evidence....

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