D.C. Court Confirms $350M Georgia Award, Enforces Contractual Interest Rate
A federal court in the District of Columbia confirmed a roughly $350 million award against the Republic of Georgia and applied the contract's negotiated post-judgment interest rate instead of the federal statutory rate.
In Enka Renewables, LLC v. Republic of Georgia, No. 25-cv-00125 (APM), the U.S. District Court for the District of Columbia reportedly confirmed a foreign arbitral award of approximately $350 million in favor of the U.S. investor. Separately, the court appears to have enforced the parties' contractual post-judgment interest provision in place of the federal statutory rate — a recurring battleground in energy and infrastructure arbitrations involving state counterparties, where the choice of rate can move the recovery by millions over the life of a judgment.
Two points merit attention. First, sovereign immunity and arbitration-agreement enforcement are recurring themes in U.S. courts' treatment of state-owned or state-invested foreign entities, and the procedural path to confirmation matters for parallel enforcement elsewhere. Second, the interest ruling signals that counsel drafting award-enforcement clauses should expressly specify the post-judgment rate and its compounding rather than relying on statutory defaults a confirming court may displace.
The available report is a single firm publication summarizing the decision; the slip opinion's reasoning on immunity, tribunal jurisdiction, and the interest calculation is not reflected in the material reviewed. Pull the opinion before drawing conclusions.
Action: review the Enka Renewables docket and audit enforcement and interest clauses in pending foreign-arbitration matters.