Mealey's Litigation Procedure - ICSID Stays Enforcement Of $185 Million Award Pending Application To Annul

Mealey's Litigation Procedure - ICSID Stays Enforcement Of $185 Million Award Pending Application To Annul

WASHINGTON, D.C. - A Swedish investor on April 21 filed a notice in a District of Columbia federal court, notifying it that the International Centre for Settlement of Investment Disputes (ICSID) has stayed the enforcement of a $185,530,618 award pending the outcome of an application to annul filed by the government of Romania (Viorel Micula v. Government of Romania, No. 1:14-cv-00600, D. D.C.).

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