Venezuela Drops Challenge To $1.58B Award Before D.C. Circuit

Mealey's (September 27, 2021, 10:13 AM EDT) -- WASHINGTON, D.C. — A Canadian gold mining company and the Bolivarian Republic of Venezuela on Sept. 20 entered a one-page stipulation in the District of Columbia Circuit U.S. Court of Appeals agreeing to the dismissal of Venezuela’s appeal challenging the confirmation of an arbitral award worth approximately $1.58 billion against it after a French appellate court reinstated the award....