Rehearing Denied Over Panel’s Remand On Property’s Use To Satisfy Insurer’s $33M Award

Mealey's (October 21, 2020, 1:40 PM EDT) -- WASHINGTON, D.C. — The District of Columbia Circuit U.S. Court of Appeals on Oct. 16 declined the Republic of Argentina’s petition for a rehearing en banc on its vacating of a denied emergency motion for attachment-related relief and remanding for a decision on whether property belonging to the country was “used for a commercial activity” and, thus, could be attached to an insurer’s $33 million arbitration award to satisfy Argentina’s reinsurance debts (TIG Insurance Company v. Republic of Argentina, et al., No. 19-7087, D.C. Cir.)....