English Justice Stays Action To Enforce $50B Against Russia Pending Dutch Appeal

(April 15, 2021, 1:25 PM EDT) -- LONDON — An English justice on April 14 dismissed an application by an oil company’s former shareholders to lift the stay on proceedings to recognize and enforce an arbitral award worth more than $50 billion against the Russian Federation after finding that Russia has “a realistic prospect” of success in a pending appeal of the award before the Dutch Supreme Court....

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