UK Enforces NY Court's $172M Damages Award Against Essar

Law360, London (March 17, 2017, 4:36 PM GMT) -- London’s High Court on Friday ordered multinational conglomerate Essar Group to pay up the $172 million damages awarded in the U.S. last year to an investment firm after deciding the U.S. judgment could be enforced in the U.K.

Multinational conglomerate Essar Group has been ordered by the High Court in London to pay up the $172 million damages awarded in the U.S. last year to an investment firm. (AP) Judge Nigel Teare ruled against Essar’s position that the New York judgment did not meet several criteria...
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