US Court Grants ConocoPhillips’ Motion to Enforce ICSID Arbitration Award Despite Venezuela’s Withdrawal from ICSID Convention

By Dean Ehrlich, 24 August 2022

Will a state’s withdrawal from the ICSID Convention prevent an ICSID award from being enforced against it? The United States District Court for the District of Columbia answered this question on 19 August 2022 when it granted the ConocoPhillips’ motion for default judgment to confirm and enforce an arbitration award issued against the Bolivarian Republic of Venezuela....