Mealey's ( May 13, 2025, 2:24 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on May 12 affirmed the confirmation of arbitral awards, holding that a franchisor that operated Subway sandwich shops in Russia cannot renew its franchise license issued by franchise operator Subway International B.V. (SIBV) and that the parties’ agreement was effectively terminated in 2020....