High Court Upholds Russian Creditor’s RICO Claim For Unpaid $92M Award

Mealey's (June 22, 2023, 11:24 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on June 22 ruled that a Russian citizen had standing to bring a Racketeer Influenced and Corrupt Organizations Act (RICO) action against a debtor residing in California and his Monaco bank for concealing assets to evade enforcement of an arbitral award worth $92 million, writing that a “contextual approach” establishes that the RICO claim was based on a “domestic injury.”...