Judge Enforces Award Worth More Than $1B Against South Sudan And Its Bank

( July 23, 2026, 3:06 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on July 23 granted a Qatari bank’s motion for default judgment against the Republic of South Sudan and summary judgment against its state-owned bank, the Bank of South Sudan (BOSS), and enforced an International Centre for Settlement of Investment Disputes (ICSID) arbitral award against them worth more than $1 billion for defaulting on a roughly $700 million loan, rebuffing BOSS’s arguments opposing enforcement based on “vague allegations of corruption.”...