Moldovan Businessmen Seek Dismissal Of Kazakhstan Fraud Claims In $500M Award Row

Mealey's ( July 14, 2023, 12:46 PM EDT) -- WASHINGTON, D.C. — Two Moldovan investors and their companies moved in District of Columbia federal court to dismiss a complaint filed by the Republic of Kazakhstan seeking relief from the court’s judgment in a separate action confirming an arbitral award worth more than $500 million against it based on alleged fraud, which the Moldovan parties argue is untimely, doesn’t contain new evidence and doesn’t warrant relief from the judgment....