Mobil Cerro Negro, Ltd. v. Bolivarian Republic of Venezuela

CourtDistrict Court, District of Columbia
DecidedSeptember 26, 2025
DocketCivil Action No. 2023-3506
StatusPublished

This text of Mobil Cerro Negro, Ltd. v. Bolivarian Republic of Venezuela (Mobil Cerro Negro, Ltd. v. Bolivarian Republic of Venezuela) is published on Counsel Stack Legal Research, covering District Court, District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Mobil Cerro Negro, Ltd. v. Bolivarian Republic of Venezuela, (D.D.C. 2025).

Opinion

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA

MOBIL CERRO NEGRO, LTD., et al.,

Petitioners,

v. Case No. 1:23-cv-3506-RCL

BOLIVARIAN REPUBLIC OF VENEZUELA,

Respondent.

MEMORANDUM OPINION

This action arises out of an attempt by Petitioners Mobil Cerro Negro, Ltd., Venezuela

Holdings, B.V., and Mobil Cerro Negro Holding LLC (together, “the petitioners”), to enforce an

arbitration award rendered by the International Centre for the Settlement of Investment Disputes

(“ICSID”) against the Bolivarian Republic of Venezuela (“Venezuela”) under the Convention on

the Settlement of Investment Disputes between States and Nationals of Other States (“the ICSID

Convention”) and its implementing legislation. Because Venezuela did not appear in this case for

nearly eight months following its commencement, the Clerk of Court has noted Venezuela’s

default. Venezuela has now appeared, represented by lawyers associated with Juan Guaidó, a

former claimant to the contested presidency of Venezuela, as explained further below. Now before

the Court are the petitioners’ Motion for Default Judgment, see ECF No. 16, Venezuela’s Motion

to Set Aside the Default, see ECF No. 25, the petitioners’ Motion for Summary Judgment, see ECF

No. 27, and Venezuela’s Cross-motion for Summary Judgment, see ECF No. 32.

The federal statutes implementing the ICSID Convention treat federal courts “as courts of

enforcement, not review,” and “[b]y design, any review of the merits of an ICSID Arbitral

1 Tribunal’s decision occurs internally.” Valores Mundiales, S.L. v. Bolivarian Republic of Venez.,

87 F.4th 510, 518 (D.C. Cir. 2023). Thus, because Congress “did not intend federal courts to

re-open the merits of ICSID awards,” respondents like Venezuela who dispute an ICSID

Tribunal’s decision in enforcement proceedings face a steep uphill battle. Id. at 520. In these

proceedings, Venezuela faces more than the usual challenges associated with relitigating an ICSID

award. That is because the core argument Venezuela raises as to how it might prevail on the

merits—that the ICSID panel lacked jurisdiction to enter the award because it allowed the

government of Nicolás Maduro, and not Juan Guaidó, to represent Venezuela in the arbitral

proceeding—is squarely foreclosed by the reasoning in Valores Mundiales, a binding D.C. Circuit

precedent.

As this decision explains, the fact that Venezuela’s argument fails as a matter of law places

the Court in a seeming predicament. When determining whether to set aside an entry of default,

courts must give weight to whether the movant could raise a meritorious defense, and here, as the

Court will explain, Venezuela has none. Thus, setting aside Venezuela’s default and requiring

litigation on the merits would not only direct the parties to beat a dead horse, but in doing so,

would also work prejudice on the petitioners by delaying their opportunity to participate in the

race among judgment debtors to collect on Venezuela’s finite foreign assets. Koch Mins. Sàrl v.

Bolivarian Republic of Venez., 514 F. Supp. 3d 20, 41–42 (D.D.C. 2020). Nonetheless, judicial

policy strongly favors resolution of cases on their merits, and particularly scorns “the entry of

default judgment against a foreign state that has appeared in the case and expressed a desire to

contest the claims.” Id. at 32 (citation omitted); see also Owens v. Republic of Sudan, 374 F. Supp.

2d 1, 9 (D.D.C. 2005). That is because “[i]ntolerant adherence to default judgments against foreign

states could adversely affect [the United States’] relations with nations and undermine the State

2 Department’s continuing efforts to encourage foreign sovereigns to resolve disputes within the

United States’ legal framework.” Khochinsky v. Republic of Poland, 1 F.4th 1, 7 (D.C. Cir. 2021)

(citation omitted).

Ultimately, Venezuela presents identical—and thus, equally unavailing—arguments in

favor of both setting aside the default and in support of its cross-motion for summary judgment.

For the reasons that follow, the Court concludes that the best course for balancing judicial policy

and fairness to the parties, in light of the binding precedent in Valores Mundiales, is to GRANT

Venezuela’s Motion to Set Aside Default; DENY the petitioners’ Motion for Default Judgment;

GRANT the petitioners’ Motion for Summary Judgment; and DENY Venezuela’s Cross-motion

for Summary Judgment.

I. BACKGROUND

A. Legal Framework

On October 22, 1991, Venezuela signed the Agreement on Encouragement and Reciprocal

Protection of Investments Between the Kingdom of the Netherlands and the Republic of

Venezuela, Neth.-Venez., Nov. 1, 1993, 1788 U.N.T.S. 45 (“BIT”). See Ex. 1 to Pet’rs’ Mot. for

Default J. at 2, ECF No. 16-2. Article 9(1) of the BIT provides that a concerned party in a dispute

between the two states may submit a request for arbitration to ICSID. If a party prevails in

arbitration, Article 54 of the ICSID Convention requires that party to enforce its award by seeking

a judgment in the courts of member states. Valores Mundiales, 87 F.4th at 513. In the United

States, federal courts have exclusive jurisdiction to enforce ICSID awards. See 22 U.S.C. 1650a.

B. The ICSID Arbitration

In 2007, the petitioners initiated an ICSID arbitration pursuant to the BIT, alleging that the

then-President of Venezuela, Hugo Chávez, expropriated the petitioners’ investments in oil field

development in Venezuela. See Award, Ex. 2 to Petrs.’ Mot. ¶¶ 1, 86–87, ECF No. 16-3. On

3 October 9, 2014, the original arbitral tribunal found that Venezuela had expropriated the

petitioners’ property in connection with two such projects — the Cerro Negro Project and the La

Ceiba Project — and awarded the petitioners approximately $1.6 billion plus interest. Id. ¶ 404(b).

The award consisted of (i) $9,042,482 in compensation for production and export limitations

Venezuela implemented affecting the Cerro Negro Project; (ii) $1,411,700,000 in compensation

for Venezuela’s expropriation of investments in the Cerro Negro Project; and (iii) $179,300,000

in compensation for expropriation of the La Ceiba Project investment.1 Id. ¶ 404(c)–(d), (f).

Venezuela then sought revision of the award, which the tribunal denied on June 12, 2015.

See Decision on Revision § 5.1, ECF No. 16-3. Following that proceeding, Venezuela sought to

annul the original award, and its request was granted in part and denied in part on March 9, 2017.

See Decision on Annulment ¶¶ 188–93, ECF No. 16-3. In particular, ICSID annulled the award of

$1.411 billion related the Cerro Negro Project expropriation but declined to annul the rest of its

original award. Id.

In 2018, the petitioners resubmitted the annulled portion of their claim before another

ICSID tribunal. See Resubmission Proceeding Award ¶ 6, ECF No. 16-4. While the Resubmission

Proceeding was in early stages, political turmoil befell Venezuela, and ultimately, on January 23,

2019, the State Department recognized Guaidó as the leader of Venezuela, and over fifty nations

joined the United States in recognizing Guaidó’s administration as the legitimate government of

Venezuela. Around March 27, 2019, ICSID received a letter from José Ignacio Hernández, who

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