Company Seeks Payment Of $500M ICSID Award From Venezuela’s Subsidiaries

(February 14, 2019, 1:20 PM EST) -- WILMINGTON, Del. — A Netherlands company on Feb. 11 sued the Bolivarian Republic of Venezuela and its subsidiaries in Delaware federal court, asking the court to declare the subsidiaries to be the alter egos of Venezuela and order them to pay more than $500 million to satisfy an arbitral award issued in its favor by the International Centre for Settlement of Investment Disputes (ICSID) (Oi European Group B.V. V. Bolivarian Republic Of Venezuela, et al., No. 1:19-cv-290, D. Del.)....

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