Venezuela Says Magistrate’s Jurisdiction Improper In Action To Enforce $306M Award

Mealey's (January 11, 2021, 12:42 PM EST) -- WASHINGTON, D.C. — The Bolivarian Republic of Venezuela on Jan. 6 filed objections to a District of Columbia federal magistrate judge’s ruling denying Venezuela’s motion to dismiss an action by two U.S. companies to enforce arbitral awards against it worth more than $306 million for the expropriation of U.S. interests in a fertilizer company, arguing that it never consented to the magistrate judge’s jurisdiction and asking the court to treat the ruling as a report and recommendation....