Lawyers for Exxon Mobil have asked a federal judge to order Venezuela to pay the company more than $188.3 million—the amount Exxon Mobil says it is still owed as repayment for the 2007 expropriation of its oil assets. In 2014, Exxon Mobil was awarded $1.4 billion, but a World Bank tribunal recently annulled most of that award.
Steven K. Davidson, a Washington D.C. partner at Steptoe & Johnson, asked U.S. District Judge Paul Engelmayer of the Southern District of New York to lift his 2015 stay on the $188.3 million, $68 million in interest and legal fees. Davidson asked the judge to require a bond if attorneys for Venezuela request that the stay be maintained pending other appeals.
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