Saint-Gobain Seeks Default Against Venezuela On Petition To Confirm $42M Award

Mealey's (April 29, 2019, 10:14 AM EDT) -- WILMINGTON, Del. — A plastics manufacturer on April 24 requested that a Delaware federal court enter a default against the Bolivarian Republic of Venezuela and its alleged alter ego, claiming that they have failed to respond to its petition to confirm a $42,342,379.31 international arbitration award (Saint-Gobain Performance Plastics Europe v. Bolivarian Republic of Venezuela, et al., No. 18-1963, D. Del.)....