UAE Firms Win Stay During Settlement Talks On $31M Award

Law360, New York (September 8, 2017, 5:48 PM EDT) -- A Virginia federal judge agreed Thursday to let two Mideast businesses helping supply U.S. troops in Afghanistan put a hold on one company's attempt to enforce a $31 million arbitral award against the other so they can work out a settlement.

U.S. Magistrate Judge Michael S. Nachmanoff signed off on a joint motion for a stay until Nov. 5 between security contractor CTR Ltd., or Compass, and food and fuel supplier Supreme Risk Management FZE following their request Wednesday for a 60-day window to pursue a global resolution of related lawsuits in jurisdictions around the world. Both companies are based in...

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