Venezuela Says Glass Co. Can't Confirm $490M Award

By Jack Newsham (July 8, 2016, 8:53 PM EDT) -- Venezuela told a New York federal judge Thursday that an effort by glassmaker Owens-Illinois Inc. to confirm a $490 million arbitral award should be tossed or halted because of procedural problems, ongoing related arbitration and an arbitrator's late disclosure of his relationship with Dechert LLP,  which is prosecuting claims against Venezuela....

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