High Court Denies Petition Over Award-Creditor’s Bid To Attach Nigerian Yacht

Mealey's (March 28, 2022, 12:26 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on March 28 denied a holding company’s petition for a writ of certiorari contending that the Fifth Circuit U.S. Court of Appeals created a circuit split by finding that a sale arranged by the United States of a yacht belonging to the Federal Republic of Nigeria was immune from attachment to satisfy an arbitral award worth more than $11 million....