Venezuela Argues Stipulation To Confirmation Of $491M Award Was Unauthorized

Mealey's (April 1, 2019, 1:48 PM EDT) -- WASHINGTON, D.C. — The Bolivarian Republic of Venezuela on March 28 moved a District of Columbia federal court to strike a stipulation for final judgment confirming a $491,081,701 arbitral award issued in favor of a Netherlands entity, arguing that the current government did not engage the counsel that entered into the agreement on its behalf and that Venezuela does not consent to the stipulation (OI European Group B.V. v. Bolivarian Republic of Venezuela, No. 1:16-cv-01533, D. D.C.)....