D.C. Circuit Grants Quick Confirmation Of $1B Oil Award Against Venezuela

( April 8, 2026, 3:20 PM EDT) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on April 7 granted three Exxon Mobil entities’ motion for summary affirmance of the confirmation of an International Centre for Settlement of Investment Disputes (ICSID) award worth roughly $1 billion against the Bolivarian Republic of Venezuela for expropriating oil investments, writing that identical issues to those in the appeal were addressed and resolved by existing precedent....