Judge Stays Dispute Over $65M Award Pending English Challenge To 65% Interest Rate

Mealey's (September 23, 2022, 1:25 PM EDT) -- OAKLAND, Calif. — A California federal judge on Sept. 22 stayed a dispute over enforcement of two London Court of International Arbitration (LCIA) awards in favor of a litigation funder pending a challenge to the awards in an English court, which recently found that the tribunal may have committed a “substantial injustice” by awarding 65% interest on top of $6 million in compensatory damages....

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