ConocoPhillips Entities Ask D.C. Court To Confirm $8.7B ICSID Award

(March 25, 2019, 10:52 AM EDT) -- WASHINGTON, D.C. — A group of ConocoPhillips companies on March 11 filed a petition in a District of Columbia federal court, seeking recognition and enforcement of an $8,754,907,155 arbitral award issued in their favor and against the Bolivarian Republic of Venezuela by the International Centre for Settlement of Investment Disputes (ICSID) (ConocoPhillips Petrozuata B.V., et al. v. Bolivarian Republic of Venezuela, No. 1:19-cv-00683, D. D.C.)....

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