The Post-Award Battlefield: What Stabil Means for Wartime Investment Awards
The next phase of Ukraine-related investment law will not unfold primarily before arbitral tribunals. It will unfold in domestic courts asked to convert wartime arbitral awards into recoverable money. The D.C. Circuit’s decision in Stabil LLC v. Russian Federation, affirming jurisdiction to enforce Crimea-related awards against Russia, shows both how far award creditors have come…
Continue ReadingEnforcement of Arbitral Awards against Russia for Expropriation of Property in Crimea
The D.C. Circuit recently cleared the way for the enforcement of foreign arbitral awards against Russia for the expropriation of electricity and gas infrastructure in Crimea. Russia argued in the case, Stabil v. Russian Federation, that there was no jurisdiction because the arbitration exception to the Foreign Sovereign Immunities Act (FSIA) did not apply and…
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