Pakistan Says Enforcing $6B Award Would Batter Its Economy

Law360 (December 2, 2020, 6:56 PM EST) -- Pakistan is asking a D.C. federal court to pause efforts by an Australian copper mining joint venture to move ahead with enforcing a $6 billion arbitral award against it, saying the country's economy and political stability faces potential devastation without a stay.

Islamabad argued on Monday that even though an International Centre for Settlement of Investment Disputes committee decided a few weeks ago to let Tethyan Copper Co. Pty Ltd. try to collect half of the massive award while an annulment bid is being weighed, the court should opt to keep the enforcement proceedings before it on hold while those parallel...

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