Russia Asserts Sovereign Immunity Defense To Investor’s $5B Award

(December 13, 2023, 2:02 PM EST) -- WASHINGTON, D.C. — The Russian Federation (RF) moved in District of Columbia federal court to dismiss a petition to enforce an arbitral against it worth more than $5 billion, writing that it never ratified the Energy Charter Treaty (ECT), under which the arbitration claims were brought, and that the award is invalid because the award-creditor is not a protected investor and did not have its funds expropriated....