9th Circuit Vacates Order Requiring Release Of Liechtenstein Assets

Mealey's (May 22, 2018, 1:09 PM EDT) -- PASADENA, Calif. — The Ninth Circuit U.S. Court of Appeals on May 18 vacated a court’s decision ordering a Russian national to turn over assets held in a trust to assist in satisfying a $92 million arbitral award, finding that the order was premature because a Liechtenstein court is reviewing similar issues as those in the present case and has jurisdiction over the trust (Vitaly Ivanovich Smagin v. Ashot Yegiazaryan, ex rel., Nos. 16-55502, 16-56749, 17-56467, 9th Cir., 2018 U.S. App. LEXIS 13005)....