Abu Dhabi Can't Void $7.5B Citigroup Investment, Judge Rules

Law360, New York (March 5, 2013, 2:59 PM EST) -- A New York federal judge on Monday confirmed an arbitration panel's decision and refused to void a $7.5 billion investment agreement between the Abu Dhabi Investment Authority and Citigroup Inc., saying ADIA had received a fair hearing in the dispute.

According to U.S. District Judge George B. Daniels, the arbitration panel’s ruling that New York law applied to the case didn’t violate the Federal Arbitration Act, and its decision to deny two of ADIA’s document requests didn’t mean ADIA wasn’t given a fair hearing, meaning the...
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