Court Enters Default Against Venezuela On Petition To Confirm $42.3M Award

Mealey's (June 13, 2019, 12:15 PM EDT) -- WILMINGTON, Del. — A Delaware federal court on June 12 entered a default against the Bolivarian Republic of Venezuela after it failed to respond to a plastics manufacturer’s petition to confirm a $42,342,379.31 international arbitration award (Saint-Gobain Performance Plastics Europe v. Bolivarian Republic of Venezuela, et al., No. 18-1963, D. Del.)....