Judge Enters $256M Judgment Against Venezuela For Steel Expropriation Dispute

Mealey's (July 23, 2020, 11:36 AM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on July 17 entered final judgment for more than $256 million, including interest and costs, against the Bolivarian Republic of Venezuela for the 2008 expropriation of two European companies' investment in steel production facilities with post-judgment interest at the federal statutory rate still set to accrue until payment (Tenaris S.A, et al. v. Bolivarian Republic of Venezuela, No. 18-1371, D. D.C., 2020 U.S. Dist. LEXIS 126193)....