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Investment treaty awardUnpaid

Smurfit Holdings v. Venezuela

Takeover of paper and packaging operations

Headline amount
$468.7MPrincipal
Respondent
VenezuelaState
Awarded
Aug 28, 2024
Status
UnpaidNothing collected

Latest development Sep 24, 2024

Smurfit petitioned the D.D.C. to enforce the award.

The award

Amount awarded
More than $468.7M, plus $4.5M in costs and interest
Award holder
Smurfit Holdings B.V. (Smurfit Westrock)
Respondent
Bolivarian Republic of Venezuela
Forum
ICSID ARB/18/49

Challenges

Annulment status not verified.

Enforcement

United States: D.D.C. petition filed on September 24, 2024 ($473.2M). Outcome not verified. Not in the Citgo queue.

Recovered to date

None known

Notes

Single source.