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Commercial awardPayment unverified

Asia Genius v. Bariven

Procurement contract with PDVSA’s purchasing arm

Headline amount
$107.8MPrincipal
Respondent
VenezuelaState-owned entity
Awarded
Mar 20, 2023
Status
Payment unverifiedPresumed unpaid, not confirmed

Latest development Dec 2024

Asia Genius petitioned the D. Del. to enforce the award.

The award

Amount awarded
$107.8M
Award holder
Asia Genius
Respondent
Bariven S.A. (PDVSA’s procurement subsidiary)
Forum
ICC

Challenges

Not verified.

Enforcement

D. Del. petition filed in December 2024.

Recovered to date

None

Notes

Single source.