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USA—court enters judgment confirming ICSID award, rejecting request for a stay (Tenaris v Venezuela)

USA—court enters judgment confirming ICSID award, rejecting request for a stay (Tenaris v Venezuela)
Published on: 18 June 2020
Published by: Law360
  • USA—court enters judgment confirming ICSID award, rejecting request for a stay (Tenaris v Venezuela)
  • What did the court decide?

Article summary

Law360: A DC federal judge declined to stay judgment confirming a more than $US 172m award issued against Venezuela to Tenaris SA in International Centre for Settlement of Investment Disputes (ICSID) arbitration proceedings, leaving it to the US Treasury Department to decide whether to approve the investors’ enforcement efforts. or take a trial to read the full analysis.

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