Venezuela Tells 5th Circ. $138M Award Can't Be Enforced

Law360 (June 30, 2020, 7:07 PM EDT) -- Venezuela's defense ministry is urging the Fifth Circuit to overturn an order enforcing a $138 million arbitral award to a U.S. military shipbuilder, arguing that a lower court improperly barred the parties from arbitrating the dispute in Caracas, the venue agreed upon in their 1997 contract.

The ministry told the circuit court on Monday that the award should never have been enforced because it was issued in violation of its $315 million contract with Huntington Ingalls Inc. to refurbish two frigates for the Venezuelan navy. Instead of proceeding in Caracas, the arbitration bounced from Mexico City to Washington, D.C., before a...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!