U.K. High Court Violated EU Law By Enforcing Award Against Romania, CJEU Says

(March 25, 2024, 9:00 AM EDT) -- LUXEMBOURG CITY, Luxembourg — The Court of Justice of the European Union (CJEU) ruled that the United Kingdom Supreme Court in 2020 violated the United Kingdom’s then-existing obligations under EU law by ruling that an arbitral award worth 178 million euros in favor of Swedish investors against Romania was enforceable while the same dispute was pending in EU courts....