Judge Confirms $20M Arbitration Award Against Albania In Railway Dispute

Judge Confirms $20M Arbitration Award Against Albania In Railway Dispute

WASHINGTON, D.C. - A District of Columbia federal judge on March 16 granted a motion for confirmation of an arbitration award and entry of a default judgment in favor of two companies contracted to update the Republic of Albania's national railway system, finding that the award was confirmable pursuant to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards of June 10, 1958 (G.E. Transport S.P.A., et al. v. Republic of Albania, No. 08-2042, D. D.C.; 2010 U.S. Dist. LEXIS 24180). Full story on lexis.com

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