D.C. Circuit Denies Romania Rehearing Of $356M ICSID Award To Swedish Investors

Mealey's (July 28, 2022, 1:44 PM EDT) -- WASHINGTON, D.C. — The District of Columbia Circuit U.S. Court of Appeals on July 27 denied the government of Romania’s petitions for panel and en banc rehearing of a panel’s June 24 ruling affirming a district court’s denial of Romania’s motion for relief from a $356 million judgment for an arbitral award that Romania claimed it had paid in Romanian currency, of which the court found nearly $100 million was unpaid....