Judge Narrows Subpoena For Egyptian Financial Records To Enforce $2B Award

Mealey's (June 29, 2020, 1:10 PM EDT) -- NEW YORK — A federal judge in New York on June 23 partly granted a motion challenging a Spanish company’s subpoenas for financial records to enforce an arbitral award of more than $2 billion against the Arab Republic of Egypt in a gas plant dispute by narrowing the subpoena for records that the judge found was overbroad and quashing the subpoena for in-person testimony (In Re:  Petition of Union Fenosa Gas, S.A, No. 20-171, S.D. N.Y., 2020 U.S. Dist. LEXIS 110312)....