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US Magistrate Judge recommends that District Court enforce USD 5 million ICSID award against Venezuela

Photo by Arno Senoner / Unsplash

Is an arbitral institution or a federal district court best placed to discriminate between competing governments’ claims to represent their state’s interests?

Does the enforcement of an ICSID award include the enforcement of the award's specified interest rate?

These questions were central to the Report and Recommendation delivered by United States Magistrate Judge Robin M. Meriweather in Valores Mundiales and Consorcio Andino v. Venezuela on 3 August 2022.

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