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Venezuela

Fight over Venezuelan oil highlights shadowy international legal system
14-Jan-2026 Inside Climate News
Trump said the socialist government “stole” from American oil companies. Those firms have been seeking billions in compensation through a controversial arbitration system.
The sound and fury of Venezuela’s ICSID denunciation
7-Jan-2026 Ulpiano
If the Venezuela experience is any indication, denouncing the ICSID Convention by itself will not provide much satisfaction.
Corporations are ready to cash in on Venezuela
7-Jan-2026 Jacobin
Before Donald Trump’s capture of Nicolás Maduro, corporations filed lawsuits against Venezuela seeking damages tied to state nationalization, international sanctions, and political instability. A Trump-installed government could tilt the courts in their favor.
Halliburton files ISDS suit against Venezuela for damages resulting from… US sanctions on Venezuela
7-Jan-2026 Naked Capitalism
The US oilfield services company Halliburton quietly filed a suit against Venezuela at the World Bank’s international arbitration court, ICSID.
Defunding the Amazon: mapping ISDS risk from the oil and gas sector in amazonian countries
12-Nov-2025 Global Development Policy Center
The protection of the Amazon is a central theme of the COP30 in Belém, Brazil. However, efforts to ensure that the Amazon is defended are at risk of instead being defunded—by investor-state dispute settlement.
Iran, Venezuela to finalize free trade deal in next 2 days: Official
10-Jun-2025 Press TV
A senior Iranian government official says the draft document for a free trade deal between Iran and Venezuela will be finalized within the next two days.
Gold Reserve announces filing of international arbitration against the Venezuelan government
6-Mar-2025 PR Newswire
The arbitration arises from Venezuela’s measures that deprived GR Mining of its rights to, and materially damaged its investment in, the multi-billion-dollar Siembra Minera mining project located in Venezuela.
Venezuela loses multi-billion dollar ConocoPhillips ICSID appeal
27-Jan-2025 Venezuelanalysis
The US oil giant has launched multiple efforts to collect international arbitration awards against the Caribbean nation.
Venezuela ratifies new bilateral investment treaty with China
29-Nov-2024 Herbert Smith Freehills
This treaty marks a significant step in Venezuela’s recent trend of executing BITs, particularly following its withdrawal from the ICSID Convention in 2012.
Smurfit Westrock awarded $469m against Venezuela by arbitration tribunal
30-Aug-2024 RTE
Global paper producer Smurfit Westrock has been awarded a $469m arbitration ruling against Venezuela by the World Bank’s International Centre for Settlement of Investment Disputes, the company and the tribunal said.
Iran to ink free trade deals with certain nations
24-Jan-2024 Trend
Iran is planning to sign free trade agreements with Syria, Venezuela, Pakistan, and one Eastern European country. He also said that Iran is seeking preferential trade agreements with Indonesia and some East Asian countries.
Kellogg’s takes legal action against Venezuela over brand misuse
16-Nov-2023 BNN
The action is rooted in the alleged violation of the 1995 Venezuela-UK Bilateral Investment Treaty, marking a significant turn in the multinational’s relationship with the South American nation.
Venezuela and Colombia sign agreement on investments protection
28-Mar-2023 teleSUR
The President of Venezuela signed with the Minister of Commerce, Industry and Tourism of Colombia an agreement for the promotion and protection of investments between both nations.
Colombia, Venezuela revive trade deal after 4-year suspension
17-Feb-2023 France 24
The leaders of Colombia and Venezuela on Thursday renewed a trade deal that had been suspended for four years, in the latest rapprochement between the neighbors.
US glass maker seeks to seize Venezuela-owned oil tanker to collect award, court papers show
6-Aug-2020 Reuters
US glass manufacturer O-I Glass Inc is seeking to seize an oil tanker owned by Venezuela to collect part of a $500 million arbitration award it won.
Trade development agreement between Venezuela and Turkey becomes effective August 21
8-Jul-2020 MercoPress
A new trade deal between Turkey and Venezuela, officially titled “Trade Development Agreement,” will enter into force on August 21.
International arbitration for Banco del Orinoco
7-Oct-2019 The Daily Herald
Bank of Orinoco has initiated an international arbitration against the Netherlands over alleged discriminatory and irrational measures by the government of Curaçao.
Venezuela’s Guaido to seek to annul $8.7 bln Conoco award
17-Apr-2019 Reuters
Guaido’s special prosecutor said has challenged the amount of the ICSID award, claiming “the methodology to determine the compensation was errant.”
Venezuela’s Guaido to appeal $8.75 billion ConocoPhillips award
15-Mar-2019 Bloomberg
Venezuela’s opposition leader and self-proclaimed president Juan Guaido plans to appeal a $8.75 billion award issued to ConocoPhillips by the World Bank’s arbitration tribunal last week.
Venezuela must pay Conoco over $8 billion: World Bank
9-Mar-2019 Reuters
Venezuela must pay ConocoPhillips more than $8 billion to compensate for the 2007 expropriation of oil assets by the country’s late socialist leader Hugo Chavez, the World Bank ruled.