Judge Grants Venezuela’s Request To Stay Petition To Confirm $491M ICSID Award

(December 21, 2017, 3:54 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Dec. 21 ordered that a Netherlands entity’s petition to confirm a $491,081,701 international arbitration award be stayed, pending the outcome of a proceeding to annul the award commenced by the Bolivarian Republic of Venezuela (OI European Group B.V. v. Bolivarian Republic of Venezuela, No. 1:16-cv-01533, D. D.C.)....