Petitioners, a Luxembourg steel company and its Portuguese subsidiary, seek to confirm and enforce an arbitration award issued against the Bolivarian Republic of Venezuela. See generally Pet., ECF No. 1. After Petitioners effected service, Venezuela failed to enter an appearance, and Petitioners moved for default judgment. See Pets.' Mot. for Default Judgment ("Pets.' Mot."), ECF No. 16. Shortly after Petitioners filed their motion, Venezuela entered an appearance and filed an opposition to the motion. See Resp.' Opp'n to Mot. for Default Judgment ("Resp.' Opp'n"), ECF No. 25. The Court will therefore deny Petitioners' motion for default judgment but will grant in part and deny in part the petition to recognize and enforce the award.