Judge Declines Stay Of Award Against Moldova Despite CJEU Ruling

Mealey's (November 19, 2021, 12:49 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Nov. 16 denied the Republic of Moldova’s motion to stay an entry of judgment of an arbitral award against it worth approximately $60 million even though the Court of Justice of the European Union (CJEU) recently ruled that the underlying dispute was about an electricity contract, not an investment, citing the risk of further delay to the parties’ two-decade-old dispute....