Investors Ask D.C. Federal Court To Enforce $233M Award Issued Against Venezuela

Mealey's (June 12, 2018, 2:01 PM EDT) -- WASHINGTON, D.C. — Two companies from Portugal and Luxembourg on June 8 filed a petition in a District of Columbia federal court to confirm a $233,975,416 arbitral award issued in their favor and against the Bolivarian Republic of Venezuela by the International Centre for Settlement of Investment Disputes (ICSID) (Tenaris S.A, et al. v. Bolivarian Republic of Venezuela, No. 1:18-cv-01373, D. D.C.)....