Venezuela, British Company Settle Award Enforcement Dispute For More Than $104M

Mealey's (January 21, 2021, 1:30 PM EST) -- WASHINGTON, D.C. — A federal judge in New York on Jan. 19 entered a stipulated order of judgment for more than $104 million plus interest to satisfy an International Centre for Settlement of Investment Disputes (ICSID) award issued in favor of a British food processing and distribution company whose cattle ranching business was expropriated by the Bolivarian Republic of Venezuela....