Judge Grants Motion In Relation To Petition To Confirm $95 Million Award

Judge Grants Motion In Relation To Petition To Confirm $95 Million Award

NEW YORK - A New York federal judge on Aug. 6 granted a Russian company's motion for summary judgment in relation to its petition to enforce a $95 million international arbitration award that was issued in a loan dispute in its favor, finding that a Russian oil producer's arguments that it did not receive proper notice of the arbitration and that the confirmation of the award violated public policy failed (Yukos Capital S.A.R.L. v. OAO Samaraneftegaz, No. 10- 6147, S.D. N.Y.).

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