Romania Seeks Relief From Award After CJEU Ruling As It Appeals Sanctions

Mealey's (April 1, 2022, 12:57 PM EDT) -- WASHINGTON, D.C. — The government of Romania on March 29 moved in District of Columbia federal court for relief from judgments entered against it confirming an arbitral award worth approximately $350 million and ordering it to pay sanctions of $1.5 million, citing a European Union appellate panel’s ruling that it says deprives the district court of jurisdiction, while on the same day it filed an appellant brief in the District of Columbia Circuit U.S. Court of Appeals challenging the sanctions....