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August 30th, 2022 
Awake Goy A Washington D.C. federal judge has granted US oil corporation ConocoPhillips final approval to enforce a multi-billion arbitration award against Venezuela.
On August 19, US District Judge Carl Nichols issued a default judgment in favor of ConocoPhillips to collect on a US $8.5 billion arbitration award plus around $22 million for reimbursement of legal costs after the Venezuelan so-called “interim government” failed to appear in court for more than two years. The default claim was entered by the court in October 2021.
“Venezuela still has not entered an appearance or otherwise opposed the Motion. For the following reasons, the Court grants the Motion and enters [a default] judgment for Petitioners,” indicated the court’s file.
The post US Judge Upholds ConocoPhillips $8.5B Award, Venezuela Rejects Ruling appeared first on PopularResistance.Org.
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