Judge Confirms $1.2B ICSID Award, Dismisses Venezuela's Motion To Vacate

Mealey's (March 29, 2017, 11:26 AM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on March 25 granted a Canadian mining company's petition to confirm a $1.2 billion arbitral award issued by an international tribunal, rejecting the Republic of Venezuela's challenges to the award (Crystallex International Corp. v. Bolivarian Republic of Venezuela, No. 16-0661, D. D.C., 2017 U.S. Dist. LEXIS 43697)....