Judge Denies Djibouti’s Motion To Stay $541M Judgment Pending Appeal

Mealey's ( April 25, 2023, 2:01 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on April 24 denied the Republic of Djibouti’s motion to stay execution of a $541 million judgment against it confirming two London Court of International Arbitration awards for a container terminal dispute pending its appeal to the District of Columbia Circuit U.S. Court of Appeals and ordered that execution will be stayed only if Djibouti posts a supersedeas bond....

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