Russia’s Bid To Dismiss Or Stay Petition To Confirm $5B Award Denied

( June 12, 2025, 4:00 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on June 11 denied the Russian Federation’s motions to dismiss or stay a petition brought by a Luxembourg entity to enforce an arbitral award worth more than $5 billion representing the loss of a loan to its parent company, which underwent an allegedly politically motivated bankruptcy after which creditors like the petitioner were told their claims for repayment had expired....