Venezuela

A federal judge confirmed an arbitration award of $400 million to OI European Group, whose glass factories were expropriated by Venezuelan President Hugo Chavez in 2010, because Venezuelan opposition leader Juan Guaidó, whom the court calls “the legitimate representative of Venezuela,” did not contest it.

WASHINGTON — A federal judge confirmed an arbitration award of $400 million to OI European Group, whose glass factories were expropriated by Venezuelan President Hugo Chavez in 2010, because Venezuelan opposition leader Juan Guaidó, whom the court calls “the legitimate representative of Venezuela,” did not contest it.

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