November 04, 2019
Glassmaker Owens-Illinois Inc. can move ahead with enforcing a more than $400 million arbitral award against Venezuela, after a D.C. federal judge reasoned that it may take years for the country to emerge from an ongoing political and economic crisis.
August 08, 2019
Venezuela urged a D.C. federal court Thursday to temporarily halt glassmaker Owens-Illinois Inc.'s efforts to enforce a more than $400 million arbitral award against the country, arguing that it's "inherently unreasonable" to go after the country's assets while it remains in political and economic turmoil.
July 26, 2019
Glassmaker Owens-Illinois Inc. has urged a D.C. federal judge to let it seize Venezuelan assets as it looks to enforce a more than $400 million arbitral award it won after its factories were nationalized, saying the crisis-stricken nation is "functionally unable to honor debts."
May 21, 2019
A D.C. federal judge on Tuesday confirmed a more than $400 million arbitral award issued to a Dutch subsidiary of glassmaker Owens-Illinois Inc. after Venezuela seized its factories, concluding the country hadn't provided any reason that confirmation should be refused.
April 22, 2019
Dutch glassmaker OI European Group BV has urged a D.C. federal court to forge ahead with its suit to enforce a $382 million arbitral award against Venezuela, expressing concern at being left behind as the country's numerous other creditors scramble to pin down the crisis-stricken nation's assets.
April 16, 2019
The power struggle between Venezuelan President Nicolás Maduro and opposition leader Juan Guaidó took center stage 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.
April 04, 2019
Venezuelan President Nicolás Maduro on Thursday urged a D.C. federal court to reconsider whether to sign off on a deal with a Dutch glassmaker over a $382 million arbitral award, continuing a power struggle in several U.S. courtrooms between Maduro and opposition leader Juan Guaidó.
April 01, 2019
A Dutch glassmaker told a D.C. federal court Monday that Venezuela's political turmoil shouldn't impact proceedings over a more than $382 million arbitration award against the country, agreeing to drop a judgment signed by President Nicolás Maduro's counsel but requesting a quick win instead.
March 29, 2019
Venezuelan President Nicolás Maduro’s attorneys had no right to acquiesce to a more than $382 million judgment in a glassmaker’s suit seeking to confirm an arbitration award, counsel for opposition leader Juan Guaidó argued, urging a D.C. federal court to strike the “unauthorized” agreement.
December 10, 2018
Venezuela has lost its bid to nix a more than $382 million arbitral award issued to a subsidiary of glassmaker Owens-Illinois Inc. whose two glass production plants were seized, after an ad hoc committee rejected arguments that the award should be annulled because Venezuela's appointed arbitrator had allegedly become biased against it.