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EU Tells 2nd Circ. $200M Award Is Based On 'Illegal' Treaty

By Jack Newsham (February 5, 2016, 4:14 PM EST) -- U.S. courts shouldn't enforce an arbitrator's award worth at least $200 million against Romania because the investment treaty that two Swedish food businessmen used to initiate proceedings is itself illegal, the European Commission told the Second Circuit on Thursday....

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