Court Enforcing $506M Award Won’t Enjoin Kazakhstan’s State Law Fraud Claims

Mealey's (March 24, 2021, 1:31 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on March 19 declined a motion by nonparty investment entities and their CEO for leave to seek an injunction of the Republic of Kazakhstan’s fraud claims against them in a New York state court, writing that the district court’s decisions confirming an arbitral award against Kazakhstan did not address the new state law claims and that high court precedent weighs against interfering with the state court proceeding....