Court:  Pakistan Must Litigate Award Enforcement After ICSID Partly Lifts Stay

Mealey's (November 12, 2020, 9:49 AM EST) -- WASHINGTON, D.C. — A federal judge in the District of Columbia on Nov. 9 directed the Islamic Republic of Pakistan to file a new motion to stay or dismiss a mining joint venture’s petition to enforce an arbitral award worth approximately $6 billion after an International Centre for Settlement of Investment Disputes (ICSID) ad hoc committee terminated a stay of enforcement on 50 percent of the award (Tethyan Copper Company Pty Limited v. Islamic Republic of Pakistan, No. 19-2424, D. D.C.)....