A financial advisory firm is seeking to enforce an arbitration award of nearly $15 million against a Dubai-headquartered electric vehicle company. The firm has filed a motion with an Illinois federal judge, alleging the carmaker has refused to honor its financial obligations under a consulting agreement related to the company’s public listing.
The advisory firm secured the award after arbitration proceedings, but the EV company has yet to make the payment. Further details of the legal dispute are expected to be made public as the case progresses through the court system.
