Shipmaker Says Venezuela Can't Escape $129M Award

Law360 (July 30, 2018, 10:33 PM EDT) -- Shipbuilding giant Huntington Ingalls Inc. on Friday urged a D.C. federal court not to nix its suit seeking to confirm a nearly $129 million award against Venezuela related to a contract to refurbish two warships, asserting that the country is wrong to say the court lacks jurisdiction.

Venezuela's defense ministry failed to show that the court lacks jurisdiction on its theory that the dispute isn't "commercial" under the U.S. Supreme Court's 1992 definition of commercial activity in Republic of Argentina v. Weltover, according to Huntington Ingalls, whose dispute stems from its claims that it is owed additional money for work it...

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