Glassmaker Opens 2nd Front In $490M Venezuela Award Row

By Jack Newsham (July 28, 2016, 2:56 PM EDT) -- With efforts to quickly confirm arbitral awards against foreign countries in New York federal courts facing legal headwinds, an affiliate of glassmaker Owens-Illinois Inc. filed a suit in D.C. federal court Wednesday to confirm a $490 million award against Venezuela.

OI European Group BV had won the award from an International Centre for the Settlement of Investment Disputes tribunal after the company's glass factories were seized by the South American country. OIEG has litigated for months in New York summary proceedings meant to quickly confirm the award, but has faced opposition from Venezuela, which argues that federal law prohibits arbitral awards...

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!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms


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?
Ask a question!