British beef producer asks US court to enforce ICSID award
The Vestey family bred buffalo and cows in Venezuela since 1909 (Credit: istock/jez_bennett)
A beef-producing British family business has filed a petition in Washington, DC, to enforce a US$98 million ICSID award against Venezuela over the expropriation of its cattle farms, after the state’s repeated failure to pay costs advances for an ongoing annulment proceeding resulted in a stay of enforcement being lifted.
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