9th Circuit Reverses Dismissal Of Russian Award-Creditor’s RICO Case

Mealey's (June 15, 2022, 1:11 PM EDT) -- PASADENA, Calif. — A Ninth Circuit U.S. Court of Appeals panel on June 10 reversed the dismissal of a lawsuit brought by an award-creditor accusing 12 parties of violating the Racketeer Influenced and Corrupt Organizations Act (RICO) by conspiring to evade enforcement of a confirmed arbitral award worth more than $92 million for a Russian investment dispute, finding that the creditor’s judgment constitutes domestic property....