Citigroup arbitration win over ADIA upheld

Last month, A US appeals court rejected the Abu Dhabi Investment Authority’s effort to void Citigroup Inc’s arbitration win in a dispute over USD7.5 bliion investment in the bank less than a year before the 2008 financial crisis, according to online reports. The 2nd US Circuit Court of Appeals in New York said the sovereign wealth fund did not meet...
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