Canada's High Court Won't Weigh In On Bid to Enforce Award

Law360, New York (June 22, 2017, 5:40 PM EDT) -- The Supreme Court of Canada has tossed efforts from a pair of companies to enforce an arbitration award against Kyrgyzstan by seizing gold company stock that the country indirectly controls, leaving intact an Ontario Court of Appeal decision finding that the case lacked "a solid conceptual underpinning."

In a brief judgment, Canada's high court on June 15 dismissed an appeal lodged by Entes Industrial Plants Construction & Erection Contracting Co. Inc. and Sistem Mühendislik İnşaat Sanayi ve Ticaret AS, which had challenged a late December ruling from the appeals court against them. The Supreme Court did not elaborate on its decision....

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