Venezuela Opposes Request For Recognition Of Arbitral Award

Mealey's (July 15, 2019, 2:00 PM EDT) -- GULFPORT, Miss. — The Ministry of Defense of the Bolivian Republic of Venezuela on July 10 urged a federal judge in Mississippi to reject efforts by a ship builder to enforce a $134 million international arbitration award, arguing that by the terms of the parties’ agreement, the arbitration was “unquestionably” to take place in Caracas, Venezuela, and not Rio de Janeiro, Brazil (Northrop Grumman Ship Systems Inc., et al., v. Ministry of Defense of the Bolivian Republic of Venezuela, No. 02-785, S.D. Miss.)....