May 26, 2023
A D.C. federal judge should not allow Spanish affiliates of Mexican tortilla manufacturer Gruma SAB de CV to register a $618 million judgment against Venezuela in Delaware so they can participate in a looming auction for control of Citgo, Venezuela said on Friday, teeing up its plans to appeal a court order enforcing the arbitral award.
May 15, 2023
A D.C. federal judge on Monday enforced an arbitral award of more than $500 million to Spanish affiliates of Mexican tortilla manufacturer Gruma SAB de CV, agreeing with a magistrate judge's finding that Venezuela was not denied due process when former opposition leader Juan Guaidó's interim government was barred from challenging the award.
September 01, 2022
Two affiliates of Mexican tortilla producer Gruma SAB de CV want a D.C. federal court to enforce their $500 million arbitral award against Venezuela, citing a magistrate judge's conclusion last month that the underlying arbitration was conducted fairly.
August 18, 2022
An interim government led by Venezuelan opposition leader Juan Guaidó claimed Wednesday that it was wrongly barred from arbitral proceedings over a $500 million award against that country, saying its exclusion was a due process violation that invalidates the award in the U.S.
August 04, 2022
Venezuela was not denied due process when opposition leader Juan Guaidó's interim government was barred from challenging an arbitral award of more than $500 million to Spanish affiliates of Mexican tortilla manufacturer Gruma SAB de CV, a magistrate judge in Washington, D.C., said Wednesday.
April 08, 2020
Subsidiaries of a Mexican tortilla manufacturer urged a D.C. federal judge not to toss their suit to enforce a more than $500 million arbitral award against Venezuela, saying the country is relying on a "selective and distorted reading" of federal arbitration law.
March 31, 2020
Venezuela is urging a D.C. federal judge to toss litigation seeking to enforce an arbitral award of more than $500 million to subsidiaries of Mexican tortilla manufacturer Gruma SAB de CV, saying that opposition leader Juan Guaidó's interim government has been wrongly barred from challenging the award.
October 23, 2019
Venezuela was found in default Wednesday after remaining mum in litigation filed in Washington, D.C., to enforce a more than $500 million award to subsidiaries of Mexico's Gruma SAB de CV, a corn flour and tortilla producer whose Venezuelan investments were seized in 2010.