Investors Seek Default Judgment Against Venezuela Over $233M Award

Mealey's (November 15, 2019, 7:52 AM EST) -- WASHINGTON, D.C. — Two companies from Portugal and Luxembourg on Nov. 5 asked a District of Columbia federal court to issue a default judgment against the Bolivarian Republic of Venezuela for failing to respond to their petition to confirm a $233,975,416 arbitral award issued in their favor (Tenaris S.A, et al. v. Bolivarian Republic of Venezuela, No. 18-1373, D. D.C.)....