Russia Loses Bid For Quick Win On Appeal To D.C. Circuit In $50B Award Fight

Mealey's (April 13, 2021, 2:09 PM EDT) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on April 9 denied the Russian Federation’s request to summarily affirm a district court’s ruling that Russia need not post security while the court stays an action by an expropriated oil company’s shareholders to confirm a more than $50 billion arbitral award and referred Russia’s arguments for dismissal of the shareholders’ appeal to the merits panel....