Panel Allows Discontinuance Of Case Seeking To Enforce $497M Award In English Courts

(August 14, 2018, 8:56 AM EDT) -- LONDON — An English appeals court on Aug. 10 upheld an appeal by a group of investors who discontinued their action to enforce a $497,685,101 arbitral award issued in their favor, holding that there was no connection to the English jurisdiction because the Republic of Kazakhstan’s intention to raise fraud claims was to defend the enforcement action and to have that order set aside  (Anatolie Stati, et al. v. the Republic of Kazakhstan, No.  [2018] EWCA Civ. 1986)....