Border Timbers v Zimbabwe United States District Court for the District of Columbia Civil Action No 2021-2428 - Memorandum Opinion - 24 July 2026

Country
Year

2026

Summary

...

For the aforementioned reasons, the court grants the von Pezold Petitioners' Motion for Summary Judgment, ECF No. 74, and the Border Timbers Petitioners' Motion for Summary Judgment, ECF No. 65. It is ordered that judgment shall be entered in favor of Petitioners and against Zimbabwe. The parties shall submit by July 31, 2026, a draft final judgment that reflects all damages awarded to Petitioners by the tribunal, with the following caveats: (1) the amount of damages shall be those specified if Respondent did not timely make restitution, adjusted to avoid double recovery for any overlapping assets claimed by the two groups of Petitioners; (2) the relevant aspects of the Border Timbers costs award shall be converted back to the specified currencies; (3) any pre- or post-award interest shall be assessed at the SOFR rate; and (4) as the parties agree, any post-judgment interest shall be calculated at the statutory interest rate set forth at 28 U.S.C. § 1961.

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