D.C. Circuit Denies Swedish Investors’ Bid For Summary Affirmance Against Romania

Mealey's (March 24, 2021, 11:57 AM EDT) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on March 19 denied a motion for summary affirmance filed by two Swedish investors and their companies who argued that the Circuit Court need not hear the government of Romania’s appeal of a district court’s denial of its motion for relief from a previously confirmed arbitral award worth more than $356 million, which Romania contends is no longer enforceable because it has satisfied the award in Romania....