Air Canada (AC, Montréal Trudeau) has filed a lawsuit in a United States court against the Bolivarian Republic of Venezuela to enforce a USD20.8 million arbitral award granted to the airline in 2021 by the International Centre for the Settlement of Investment Disputes (ICSID) over ticket sales earnings the state failed to convert from bolivars to US dollars for repatriation.

The airline has applied for an order from the US District Court of Columbia that the award of USD20,790,574 be enforced. It was granted by the…

Source: ch aviation
Read more: Air Canada files suit against Venezuela over held funds