Tatneft Says Ukraine Still Trying To Avoid $112M Award
Law360 (April 13, 2021, 8:07 PM EDT) -- Russian oil company Tatneft is urging a D.C. federal judge not to pause its efforts to enforce a $112 million arbitral award against Ukraine without the country posting a bond, arguing that the bid is a continuation of the former Soviet state's efforts to avoid paying the nearly 7-year-old award.
Ukraine filed its motion with U.S. District Judge Colleen Kollar-Kotelly last month, arguing that having to post a bond while it appeals her ruling last year enforcing the award would contravene the country's "regular and democratically enacted process" for appropriating state funds to pay foreign judgments and international arbitral awards....
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