Venezuela


Washington, Guaidó and the billion-dollar circus
With the US-backed "interim presidency" not going away, what are the implications for Venezuela's foreign assets?
Air Canada’s victory against Venezuela: the benefits of international investors relying on a BIT
Air Canada was awarded $20,790,574 million as repatriation, an amount to which it was entitled after set off against sums that were also owed to Venezuela.
French Supreme Court overturns lower court’s Rusoro damages award
Rusoro Mining reports that the French Supreme Court has overturned the decision of the Paris Court of Appeal, which had annulled part of the damages portion of the arbitral award previously rendered in favour of the company.
Mine de Crystallex : un juge américain ouvre la voie à la vente d'actions de Citgo
Un juge américain a estimé que le processus de la vente d'actions de Citgo, filiale aux États-Unis de la compagnie pétrolière d'État vénézuélienne PDVSA, pour le dédommagement de Crystallex, pouvait débuter.
US glass maker seeks to seize Venezuela-owned oil tanker to collect award, court papers show
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
A new trade deal between Turkey and Venezuela, officially titled “Trade Development Agreement,” will enter into force on August 21.
First annulment of investment arbitration award by Supreme Court
In a recently published decision, the Supreme Court – for the first time – partially annulled an arbitral award issued in an investment arbitration brought by Clorox España SL against Venezuela.
Decisions of the Paris Court of Appeal and French Supreme Court in 2019
A number of noteworthy decisions by the Paris Court of Appeal and French Supreme Court have come to refine on the now well-established French case law on international arbitration.
Venezuela brands US-backed Citgo sale ‘an act of modern piracy’
The dispute with Crystallex follows a ruling by the International Centre for Settlement of Investment Disputes (Icsid), an international arbitration institution set up by the World Bank.