Spanish Company Asks Court To Confirm $110M Award Against Venezuela

(July 17, 2024, 12:00 PM EDT) -- WASHINGTON, D.C. — A Spanish company on July 16 filed a petition in the U.S. District Court for the District of Columbia seeking to confirm a Permanent Court of Arbitration (PCA) tribunal’s award against the Bolivarian Republic of Venezuela worth more than $110 million for destroying its Venezuelan subsidiary through forced price-fixing and other improper state actions....