Venezuela Tells D.C. Circuit It Wasn’t Heard In $440M Award Arbitration

Mealey's ( August 28, 2023, 9:59 AM EDT) -- WASHINGTON, D.C. — The Bolivarian Republic of Venezuela and its foreign ministry urge the District of Columbia Circuit U.S. Court of Appeals in an appellant brief to reverse the confirmation of an International Centre for Settlement of Investment Disputes (ICSID) arbitral award worth more than $440 million for expropriating two Spanish entities’ investments because the tribunal barred representatives of former interim president Juan Guaidó from the arbitration....