Judge Enters More Than $18M Judgment Against Kyrgyzstan For Mining Dispute

Mealey's (June 17, 2022, 11:51 AM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on June 14 confirmed an arbitral award against the Kyrgyz Republic for the expropriation of a Canadian company and its subsidiary’s investments in uranium and rare earth element mining and entered default judgment for damages of more than $15 million and attorney fees and arbitration costs of more than $3 million with interest accruing after Kyrgyzstan failed to appear....