D.C. Circuit Affirms Confirmation Of $1.2B Award, Sanctions Venezuela

Mealey's (February 19, 2019, 12:40 PM EST) -- WASHINGTON, D.C. — The District of Columbia Circuit U.S. Court of Appeals on Feb. 14 affirmed a district court’s order confirming a $1.2 billion arbitral award, rejecting all of Venezuela’s arguments challenging the award and ordering it to pay sanctions for filing a meritless emergency motion to stay (Crystallex International Corporation v. Bolivarian Republic of Venezuela, No. 17-7068, D.C. Cir., 2019 U.S. App. LEXIS 4611)....