Magistrate Denies Venezuela’s Objections To His Jurisdiction In Enforcement Action

Mealey's (February 25, 2021, 12:55 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal magistrate judge on Feb. 22 denied the Bolivarian Republic of Venezuela’s objections to an earlier ruling denying Venezuela’s motion to dismiss an action by two U.S. companies to enforce arbitral awards worth more than $305 million, writing that magistrate jurisdiction is proper in the case and Venezuela’s attempt to appeal the ruling to a district court judge “does not comport with the reality of this case.”...