Shareholders Urge D.C. Circuit To Lift Stay On Action To Confirm $57B Award

Mealey's (May 26, 2021, 1:21 PM EDT) -- WASHINGTON, D.C. — A group of an expropriated oil company’s shareholders urge the District of Columbia Circuit U.S. Court of Appeals in a May 24 appellant brief to issue a writ of mandamus lifting a district court’s stay of its action to confirm an award worth more than $57 billion against Russia pending an appeal to the Dutch Supreme Court, writing that the stay was inappropriate under the New York Convention and that the alleged error is part of a “broader trend” in courts within the circuit....