CORRECTED: Citigroup, Abu Dhabi Fund Spar Over Arbitration Costs

Law360, Washington (March 20, 2017, 10:50 PM EDT) -- Citigroup is again going to court over a dispute with Abu Dhabi's massive sovereign wealth fund over money lost in a $7.5 billion investment deal soured by the financial crisis, with the bank filing a petition in a New York federal court seeking to confirm a new arbitration award.

An International Centre for Dispute Resolution panel properly rejected the Abu Dhabi Investment Authority's bid for more than $2 billion, launched after the ADIA was unable to upend a previous arbitration, over the same 2007 investment deal,...
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