April 10, 2018
A subsidiary of glassmaker Owens-Illinois Inc. looking to enforce a $500 million arbitral award against Venezuela told a D.C. federal court Monday that the country should put up security if a pause of the enforcement suit is to continue, citing delays in a parallel annulment proceeding allegedly caused by Venezuela.
March 15, 2018
A U.S. glassmaker has asked an International Centre for the Settlement of Investment Disputes tribunal to revive its $1.03 billion claim against Venezuela for expropriating investments in two glass manufacturing plants, arguing the decision to nix the company's claims is an assault on the very integrity of ICSID.
December 21, 2017
A D.C. federal judge paused a glassmaker's petition to enforce a $500 million arbitration award issued against Venezuela for expropriating two production plants, finding on Thursday that the country's ongoing effort to annul the Owens-Illinois Inc. subsidiary's award merited a pause in the U.S. litigation.
December 18, 2017
Venezuela on Friday again urged a D.C. federal court to reject efforts by a glass maker to enforce a $500 million arbitration award issued against it for expropriation, arguing that the company gave up its right to collect the money the instant its subsidiaries launched a failed parallel arbitration proceeding.
October 12, 2017
A Dutch subsidiary of U.S. glassmaker Owens-Illinois Group Inc. urged a D.C. federal judge on Wednesday not to toss its suit to confirm a more than $500 million arbitral award against Venezuela, saying the country's dismissal bid is just a continuation of its delaying tactics.
September 28, 2017
Venezuela told a D.C. federal judge on Wednesday that OI European Group BV can't enforce a $490 million award issued against it by the International Centre for the Settlement of Investment Disputes because the glassmaker, which accused the South American country of expropriating its factories without providing adequate compensation, sold its underlying claim to an Irish investment fund.
July 28, 2016
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.