ISDS Case Map
Venezuela
This treaty marks a significant step in Venezuela's recent trend of executing BITs, particularly following its withdrawal from the ICSID Convention in 2012.
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 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.
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.
The Paris Appeal Court has found in favour of Air Canada in its long-standing dispute with Venezuela over the payment of about USD21 million in compensation for airline ticket revenues withheld by the South American country.
Multinational corporation ConocoPhillips is seeking to join a court-mandated sale of CITGO shares to collect on a US $8.5 billion international arbitration award.
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
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.
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.
A US court upheld a tribunal’s $8.75 billion award to U.S. oil producer ConocoPhillips over the expropriation of its Venezuelan oil assets, granting a default judgment in the case.
