ConocoPhillips wins $2 billion ruling against Venezuela

[Adam Varga + 123]

ConocoPhillips won a $2 billion arbitration against Venezuela’s state-controlled oil company over the 2007 expropriation of two oil projects, among the biggest so far against Venezuela's national oil company PDVSA. But this company has defaulted on more than $2.5 billion in debt and isn't expected to make any payments to ConocoPhillips. Good luck collecting, ConocoPhillips. 

[Vlad Kovalenko + 115]

They’ll never receive a dime. That’s the risk when dealing with totalitarian regimes.

[BlackTortoise + 103]

And not only Conocophillips but other companies that are suing for assets taken by Venezuela's socialist government. Maduro stopped paying to creditors last year when their debts were $150 billion.