Judge Confirms $137M Award Against Venezuela For Metal Company Expropriations

Mealey's (March 30, 2021, 12:54 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on March 29 granted in part a petition to confirm an arbitral award for $137 million plus interest against the Bolivarian Republic of Venezuela for the expropriation of two European companies’ investments in Venezuelan iron and steel companies but denied the petitioners’ requests for post-judgment interest at the post-award rate set by the tribunal and for attorney fees....