November 21, 2018
A D.C. federal judge has nixed an attempt by Rusoro Mining to begin pinning down Venezuelan assets to enforce a $1.2 billion arbitral award issued after its investments in the country were seized, several weeks after the Canadian miner announced it had settled the dispute with the financially ailing nation.
August 15, 2018
Canadian miner Rusoro Mining Ltd. pressed a D.C. federal judge Wednesday to further facilitate the enforcement of the company's more than $1.2 billion arbitral award against Venezuela, angling itself to become the latest of the cash-strapped nation's award creditors to pin down shares in Citgo Petroleum Corp.
April 06, 2018
Venezuela told a D.C. federal court on Thursday that a Canadian mining company is rushing to collect on a $1.2 billion arbitral award in its favor, saying that under the Foreign Sovereign Immunities Act, countries are usually given months to pay a judgment.
April 02, 2018
Rusoro Mining Ltd. on Friday urged a D.C. federal court to temporarily deny Foley Hoag LLP's bid to withdraw as Venezuela's counsel as the country tries to nix efforts to enforce a recently confirmed $1.2 billion arbitral award to Rusoro over the nationalizing of its assets, saying the motion "comes at a critical, and curious, juncture."
March 02, 2018
A D.C. federal judge on Friday shot down Venezuela's attempt to block enforcement of a $1.2 billion arbitral award issued to Rusoro Mining Ltd. after the Canadian company's Venezuelan investments were nationalized without compensation, rejecting arguments that the award had been improperly calculated.
September 15, 2017
Rusoro Mining Ltd. told a D.C. federal court Thursday that while it still opposes pausing its suit seeking to confirm a $1.2 billion arbitral award against Venezuela, if the court does decide to stay the case, it should order Venezuela to post a bond.
September 08, 2017
Venezuela reiterated its stance Thursday that a D.C. federal court has no reason to confirm a $1.2 billion arbitral award issued to Rusoro Mining Ltd. after its investments were allegedly nationalized without compensation, arguing the petition to enforce the award was "fatally flawed" as the company has failed to defend the tribunal's jurisdiction.
August 22, 2017
Rusoro Mining Ltd. doubled down on its bid for a D.C. federal court to enforce an award of more than $1.2 billion issued to the Canadian company after its Venezuelan investments were nationalized allegedly without prompt and adequate compensation, arguing that the country is trying to relitigate issues the court cannot touch.
July 20, 2017
Venezuela urged a D.C. federal court on Wednesday not to enforce a more than $1.2 billion arbitral award issued to Rusoro Mining Ltd. after its Venezuelan investments were nationalized allegedly without prompt and adequate compensation, saying the Canadian company's petition is an "attempted end-run" around annulment proceedings ongoing in France.