Romania To Pay Half Of Investors' Sanctions Bid In Food Feud

By Ryan Harroff (November 9, 2021, 6:32 PM EST) -- A D.C. federal judge has ordered Romania to pay $1.5 million in sanctions for failing to properly respond to post-judgment interrogatories from two Swedish food investors who won a $356 million award against the country after it violated a bilateral investment treaty with Sweden.

U.S. District Judge Amit P. Mehta's Monday sanctions order is about half of the $2.9 million requested by investors and brothers Viorel and Ioan Micula because, though Romania left out key information, it did reply to their post-judgment discovery requests, according to the opinion. Judge Mehta confirmed the Miculas' arbitration award in 2019, and he has been...

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