Judge Denies Russia’s Motion To Dismiss Petition To Confirm $57B Award

(November 21, 2023, 2:06 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge denied the Russian Federation’s motion to dismiss a petition by shareholders seeking to enforce arbitral awards against Russia worth more than $57 billion, rejecting Russia’s argument that the court lacks subject matter jurisdiction due to its sovereign immunity and ordering that the case proceed to the merits....

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