Energy Co. Says EU Court Ruling Doesn't Affect $58M Award

By Caroline Simson (September 30, 2021, 8:28 PM EDT) -- A ruling from Europe's highest court concluding that a Ukrainian energy provider lacked standing to assert a claim that led to a more than $58 million arbitral award against Moldova shouldn't affect efforts to enforce the award, according to documents filed Wednesday in D.C. federal court.

The assignee of the award originally issued to Energoalliance — a company called Stileks — urged the court not to put the enforcement proceedings on hold while the parties await a ruling from a French court on Moldova's annulment petition, arguing that the French proceedings are far from over.

Following a referral from the French...

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