$138M Judgment Entered Against Venezuelan Defense Ministry In Shipbuilding Dispute

Mealey's (June 10, 2020, 10:45 AM EDT) -- GULFPORT, Miss. — A federal judge in Mississippi on June 4 granted a shipbuilder’s motion for entry of final judgment of a nearly $138 million arbitral award against the Ministry of Defense of the Bolivarian Republic of Venezuela for a frigate refurbishment dispute and held that while the ministry should be credited for $15 million it said was previously paid to the shipbuilder on its behalf, the full final judgment must still be entered separately (Northrop Grumman Ship Systems Inc., et al. v. Ministry of Defense of the Bolivarian Republic of Venezuela, No. 02-785, S.D. Miss., 2020 U.S. Dist. LEXIS 98235)....