Pakistan Asks Court To Stay Or Dismiss $6B Arbitral Award In Mining Dispute

(January 27, 2020, 9:38 AM EST) -- WASHINGTON, D.C. — The Islamic Republic of Pakistan filed a motion on Jan. 3 asking a U.S. federal court to stay enforcement of a $6 billion arbitral award it was ordered to pay a mining company over a denied copper and gold mining license, saying the court should wait while an arbitration annulment application is resolved or dismiss the federal case for lack of jurisdiction or lack of full faith and credit (Tethyan Copper Company Pty Limited v. Islamic Republic of Pakistan, No. 19-2424, D. D.C.)....