Judge Denies Ukraine’s Bid To Stay $172M Judgment Without Posting Bond

Mealey's (June 3, 2021, 11:39 AM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on June 1 denied Ukraine’s motion to stay execution of a more than $172 million judgment without requiring a bond to satisfy an arbitral award it was ordered to pay a Russian oil company, finding that Ukraine’s sovereign status and arguments that it is likely to succeed in a pending appeal of the award do not create “unusual circumstances” that would exempt it from the bond requirement....