Saturday, 21 June 2014

Abu Dhabi Takes $7.5B Citigroup Deal Dispute To High Court - Law360

Abu Dhabi Takes $7.5B Citigroup Deal Dispute To High Court - Law360:



"Attorneys for the Abu Dhabi Investment Authority continued a bid to revive their case over an arbitration ruling in favor of Citigroup Inc. that stemmed from a failed $7.5 billion investment deal, taking the case to the U.S. Supreme Court on Tuesday. 




ADIA, the emirates' state investment arm, seeks to vacate an arbitration panel’s award for Citigroup regarding the 2007 investment agreement.



The sovereign wealth fund's certiorari petition asks the high court to decide whether an arbitration tribunal exceeded its authority by deciding a case when..."



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