Hungarian Company Tells Court Croatia Has ‘No Valid Defenses’ To $249M Award

(September 5, 2023, 1:02 PM EDT) -- WASHINGTON, D.C. — A Hungarian gas company on Sept. 1 filed its opposition in District of Columbia federal court to the Republic of Croatia’s motion to dismiss its bid to confirm an arbitral award worth more than $249 million for harming its investment and filed notice of intent to move for summary judgment in which it says Croatia “has no valid defenses to enforcement of the Award.”...