Venezuelan Ministry Asks D.C. Judge To Dismiss Petition To Confirm $128M Award

Mealey's (July 19, 2018, 4:02 PM EDT) -- WASHINGTON, D.C. — The Ministry of Defense of the Bolivarian Republic of Venezuela on July 13 moved a District of Columbia federal court to dismiss a ship-building company’s petition to confirm a $128,862,47 arbitral award, arguing that the tribunal exceeded its authority by setting a place where the arbitration would occur even though it was not agreed on by the parties (Huntington Ingalls Incorporated v. Ministry of Defense of the Bolivarian Republic of Venezuela, No. 1:18cv469, D. D.C.)....

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