D.C. Circuit Told Romania’s Domestic Payment Didn’t Satisfy $356M U.S. Judgment

Mealey's (June 18, 2021, 1:37 PM EDT) -- WASHINGTON, D.C. — Swedish investors and their companies argue in a June 16 appellee brief to the District of Columbia Circuit U.S. Court of Appeals that the government of Romania cannot challenge a district court’s confirmation of an arbitral award worth more than $356 million and its imposition of sanctions for noncompliance with discovery because Romania previously admitted that its payment in Romanian currency was worth $96 million less than the court’s judgment....