Summary

On January 12, 2026, the Court issued an opinion and order granting Levona Holdings Ltd.'s ("Levona") motion to vacate the arbitral award granted in favor of Eletson Holdings in 2023. In that opinion, the Court noted that the parties "did not brief the form that the proceedings should take" following vacatur. The parties subsequently submitted briefs with respect to the form of future proceedings. Levona, joined by Eletson Holdings ("Holdings") and Eletson Corporation ("Corp"), has moved for permanent injunctive relief.

Intervenors Apargo Limited, Fentalon Limited, and Desimusco Trading Limited, three Cypriot companies that were the beneficiaries of the prior arbitral award (the "Intervenors"), oppose a permanent injunction and propose final judgment in the form of an order that the arbitral award is vacated.

In addition, Levona seeks a judgment that quantifies the discovery sanctions that the Court entered against the Intervenors in its order vacating the arbitral award. Intervenors oppose Levona's quantification of those sanctions.

For the following reasons, Levona's motion for a permanent injunction is denied, and Levona's proposed judgment with respect to discovery sanctions is granted in part and denied in part.