US District Court Denies Russian Federation’s Motion to Stay USD 50+ Billion Arbitral Awards’ Confirmation

By Diego Luis Alonso Massa, 19 April 2022

On 1 April 2022, the United States District Court for the District of Columbia in Hulley Enterprises Ltd., et al., v. The Russian Federation denied the Russian Federation’s new motion to stay the procedure for the recognition of three arbitral awards of over USD 50 billion. Consequently, the District Court ordered that the Russian Federation’s still-pending motion to dismiss...