Guaidó Wants To Pause Appeal Of $1.2B Award Enforcement
By Caroline Simson (June 8, 2021, 10:23 PM EDT) -- Venezuelan opposition leader Juan Guaidó is asking the D.C. Circuit to pause Venezuela's appeal challenging the enforcement of a $1.2 billion arbitral award to a Canadian mining company while the Nicolás Maduro administration fights the award in France, a proceeding to which Guaidó is not privy.
The self-declared interim president of Venezuela told the circuit court on Monday that even though his administration does not control the litigation ongoing before the Paris Court of Appeal, it makes sense to keep the country's appeal in D.C. on hold while the French proceedings are pending.
Acknowledging the "unusual circumstances" of the situation, Guaidó...
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