D.C. Circuit:  Romania’s Local Payment Of Award Didn’t Satisfy U.S. Judgment

Mealey's (June 28, 2022, 12:16 PM EDT) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on June 24 rejected the government of Romania’s challenge to a district court’s denial of its motion for relief from a $356 million judgment for an arbitral award that Romania said it paid in Romanian currency to two Swedish investors and their businesses, finding that Romania’s payment was worth nearly $100 million less than the judgment....