Judge Enters Default Judgment Confirming $2.4B Award Against Iranian Gas Company

Mealey's ( May 1, 2024, 2:54 PM EDT) -- WASHINGTON, D.C. — A judge in the U.S. District Court for the District of Columbia on April 30 entered default judgment confirming an arbitral award against the Islamic Republic of Iran’s state-owned oil company worth more than $2.4 billion for failure to deliver raw gas after the Iranian company failed to appear for two years....

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