U.S. Court Orders Citibank to Comply with Financial Discovery in Kazakhstan Judgment Enforcement

In a recent ruling that is of particular interest to parties seeking financial discovery relating to foreign sovereigns, Sequor Law, acting as part of a global enforcement team along with Astraea Group Ltd and Hillmont Partners, sought and obtained an Opinion and Order in the United States District Court for the Southern District of New York compelling Citibank N.A. and various affiliated entities (together, “Citi”) to respond to financial discovery in furtherance of Petitioners’ efforts to enforce their judgment against the Republic of Kazakhstan. A copy of the Court’s Opinion and Order, which reaffirmed various core principles governing the rights of creditors to obtain discovery under the Foreign Sovereign Immunities Act (the “FSIA”), can be accessed below.