Laos Can’t Freeze Funds From Idaho Property Sale To Pay $3.7M Award, Judge Rules

Mealey's (July 26, 2021, 11:27 AM EDT) -- POCATELLO, Idaho — A judge in Idaho federal court on July 20 denied the Lao People’s Democratic Republic motion for a preliminary injunction seeking to restrain entities that it alleges are alter egos of two arbitral award-debtors that were ordered to pay Laos approximately $3.7 million from transferring assets related to the sale of properties in Idaho, finding that Laos did not prove that the sales were fraudulent or that the entities will not be able to satisfy a potential judgment against them....