Judge Stays Action To Confirm $136M Award Against India Pending Swiss Appeal

Mealey's (July 27, 2022, 1:15 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on July 25 entered a minute order granting the Republic of India’s motion to stay a German entity’s petition to confirm a Permanent Court of Arbitration (PCA) arbitral award worth nearly $136 million for damages to its investment in an Indian telecommunications company that had its contract abruptly terminated, citing India’s challenge to the award now pending in Switzerland....