Romania Can't Escape $356M Award, Court Hears

Law360 (March 23, 2020, 9:11 PM EDT) -- Two Swedish food industry investors have urged the D.C. Circuit not to halt their efforts to collect more than $140 million they say is still owed them under a $356 million arbitral award issued against Romania, pointing to the country's continued efforts to evade payment of the 2013 award.

Brothers Ioan and Viorel Micula said in a Friday brief that the court should deny Romania's bid to pause enforcement while it appeals U.S. District Judge Amit P. Mehta's September ruling enforcing the award, arguing there's "no reason" to think the country's appeal will succeed given that the judge had no choice...

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