UNITED ARAB EMIRATES – Citigroup’s arbitration win in Abu Dhabi case withheld

A bid by the Abu Dhabi Investment Authority to overturn an arbitration panel’s ruling favouring Citigroup Inc. in a dispute was rejected by a US federal judge. The dispute was over a USD7.5 billion investment by the sovereign wealth fund in the bank. The district Judge George Daniels in Manhattan rejected arguments that the 2011 ruling ignored applicable law, and...
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