Venezuelan Opposition Demands Delay In Arbitral Award Case
Law360 (April 16, 2019, 10:00 PM EDT) -- The power struggle between Venezuelan President Nicolás Maduro and opposition leader Juan Guaidó took center stage Monday in a Dutch glassmaker's D.C. federal court suit over a $382 million arbitral award, with Guaidó's side asking to put the whole case off.
The matter had seemed resolved in late March when Owens-Illinois Inc. subsidiary OI European Group BV filed a stipulated judgment signed by Maduro's attorneys. But after Guaidó's Curtis Mallet-Prevost Colt & Mosle LLP counsel piped up to challenge the "unauthorized" agreement, OIEG backed down and told the court to strike the stipulation, asking for summary judgment instead.
Now, the Venezuelan factions...
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