Venezuela
A World Bank tribunal’s order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled
A Canadian company, Gold Reserve Inc, disputed a permit revocation that affected a gold and copper ore deposit exploration project in Venezuela.
The Paris Court of Appeal rejected all of Venezuela’s arguments and issued a judgment dismissing the annulment applications filed by Venezuela pending before the French courts in relation to the arbitral award rendered by the ICSID
Venezuelan president Hugo Chavez nationalized the Venezuelan gold sector through an official decree during the summer 2011. Rusoro claimed that the decree violated the bilateral investment treaty between Canada and Venezuela.
Air Canada registered a case with the International Centre for Settlement of Investment Disputes to recover USD35 million in blocked funds.
The Venezuelan Solicitor General’s Office (PGR) said that a request has been analyzed to overturn the arbitrary award issued by the International Center for Settlement of Investment Disputes (Icsid)
The annulment committee formed by the World Bank’s ICSID has ruled that Venezuela must pay oil services company Tidewater $37 million for the expropriation of its ships and rigs in 2009.
A World Bank tribunal ordered Venezuela to pay steelmaker Tenaris SA $162 million for expropriating two investments in the country
ConocoPhillips has for nearly a decade been pursuing a case against Venezuela in a World Bank tribunal to obtain billions of dollars in compensation for the 2007 takeover of its Venezuela assets.
One of the objectives of the Union of South-American Nations (UNASUR) is the creation of a regional dispute settlement centre to replace the International Centre for the Settlement of Investment Disputes (ICSID).
The so-called “ISDS” has been existing for years already. A revealing look in the hidden world of investor-state dispute settlement.
An international arbitration tribunal has ordered Venezuela to pay a Vancouver-based mining company more than $1.2 billion for expropriating its gold mines.
Spanish agriculture company Grupo Agroinsumos Ibero-americanos and associated firms have filed an arbitration case against Venezuela via a World Bank tribunal, seeking compensation for the 2010 nationalization of its operations.
Government ordered to pay compensation after Hugo Chávez nationalised British beef company’s landholdings.
Crystallex International Corp. completed the easy part: It won an arbitration award against Venezuela worth nearly US$1.4 billion. Now comes the hard part: actually collecting that money.
An arbitration tribunal has ordered the Venezuelan government to pay a whopping US$1.386 billion to Canadian miner Crystallex International Corp.
Enforcement of remaining $28 million remains pending further ICSID decision.
Venezuela and Canadian mining company Gold Reserve signed a memorandum of understanding to settle a protracted arbitration dispute over a gold concession.
Luxembourg-based pipe producer Tenaris announced it won a $172.8 million compensation for the expropriation by Venezuela of Tenaris’ and its subsidiary Talta’s interests.
Venezuela doesn’t want investment treaties anymore if they give investors the right to drag the country before a commercial court. “The system has been set up to break down the nation-state.”
