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Procedural Posture
This document constitutes a Stipulation and Order issued by the United States District Court for the District of Columbia, formally resolving the enforcement proceedings brought by Africard Co. Ltd. against the Republic of Niger. The Order was entered by Judge Amy B. Jackson following a mutual stipulation by the parties to terminate the litigation.
Terms of the Stipulation and Order
The parties stipulated, and the Court subsequently ordered, the vacatur of a default judgment previously entered against the Republic of Niger on September 27, 2016, which had amounted to $46,128,410.46. The vacatur was executed pursuant to Federal Rule of Civil Procedure 60. Concurrently, the underlying enforcement action was dismissed with prejudice pursuant to Federal Rule of Civil Procedure 41(a)(1)(A)(ii).
Operative Directions and Relief
To effectuate the settlement and dismissal, the Court directed the immediate withdrawal of any claims, actions, or attachments levied by the Petitioner against the Respondent's real property located at 5 East 80th Street in New York. Furthermore, the Order mandated the release of escrowed funds to an account designated by counsel for the Republic of Niger within three business days. Finally, counsel for Niger was instructed to advise the tenant of the New York property of their obligation to remit all future rental payments directly to the Republic of Niger, while Petitioner's counsel was directed to notify the United States Marshals Service regarding the entry of the Order and the dismissal of the action.