Law: Racketeer Influenced and Corrupt Organizations Act 1970 (RICO) (USA)

US Supreme Court confirms availability of RICO to foreign award creditors

The US Supreme Court has ruled that a Russian businessman can use the country’s anti-racketeering law, RICO, to enforce an LCIA award – creating a new avenue for foreign arbitral creditors targeting US assets.

23 June 2023

RICO – a new avenue to enforce awards in the US?

The US Supreme Court appeared open to allowing a Russian businessman to use the country’s anti-racketeering statute, RICO, to enforce an LCIA award during oral arguments – a case that could open up new avenues for foreign arbitral creditors targeting US assets.

26 April 2023

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