RICO Ruling Makes US More Attractive Foreign Creditor Forum

By Avi Weitzman, Joseph Profaizer and Stephen Kinnaird (July 10, 2023, 1:26 PM EDT) -- On June 22, in a 6-3 opinion issued in Yegiazaryan v. Smagin, the U.S. Supreme Court held that a plaintiff — whether located in the U.S. or abroad — may use the Racketeer Influenced and Corrupt Organizations Act to enforce a foreign arbitral award in the U.S., provided that the plaintiff can demonstrate that it suffered a "domestic injury" in the U.S.[1]...

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