New York court will not block Adia arbitration against Citigroup | The National:
"A New York appeals court has dismissed an attempt by Citigroup to block a second round of arbitration proceedings launched against it by the Abu Dhabi Investment Authority (Adia).
It is the latest development in a long-running legal battle related to the fund’s investment in the US bank in 2007.
An appeals court judge in New York ruled on Wednesday that the bank had not demonstrated a clear basis for an injunction against the second arbitration and stated that it was the arbitrators, not the courts, that should decide whether the arbitration should proceed."
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