Summary

MEMORANDUM OPINION

Petitioner Gebre LLC ("Gebre") [Gillham LLC] has filed a petition to confirm an arbitration award against respondent, the Kyrgyz Republic ("Kyrgyzstan"), pursuant to the Federal Arbitration Act ("FAA"), 9 U.S.C. § 207. See Pet. to Confirm Foreign Arbitral Award [Dkt. # 1] ("Pet."). Gebre, under its former name of Gillham LLC ("Gillham"), 1 was assigned the right to enforce this award by Stans Energy ("Stans") and Kutisay Mining LLC ("Kutisay"), Ex. C to Pet. [Dkt. # 1-7] ("Ex. C"), which initiated the arbitration to resolve a dispute with Kyrgyzstan concerning the expropriation of their assets. The claimants obtained a judgment against Kyrgyzstan and were awarded: (1) $15,027,081.89 in damages plus pre- and post-Award interest at a rate of 5% compounded annually from October 16, 2014 until the date of payment, and (2) two thirds of the arbitration and legal costs, totaling $3,137,887.17 plus post-award interest at a rate of 5% compounded annually from the date of the award until the date of payment. Ex. A to Pet. [Dkt. # 1-5] ("Award") at 279, ¶ 922. 2 Having received no response to date, petitioner now moves for default judgment under Federal Rule of Civil Procedure 55(b)(2). See Pet'r's Mot. for Default J. [Dkt. # 25] ("Mot."). Considering petitioner's submissions and the record as a whole, the Court will GRANT petitioner's motion for default judgment and confirm the arbitral award.

• OGEL: Stans Energy Corp and Kutisay Mining LLC v The Kyrgyz Republic - PCA Case No 2015-32 - Award - 20 August 2019
• TDM: Stans Energy Corp and Kutisay Mining LLC v The Kyrgyz Republic - PCA Case No 2015-32 - Award - 20 August 2019