Arbitration Notes
Tag: venezuela
Showing 7 out of 7 results
U.S. District Court allows Gold Reserve to enforce its award against Venezuela in Washington, D.C.: Gold Reserve Inc., v. Bolivarian Republic of Venezuela
In September 2014, Gold Reserve won a significant arbitral award ("Award") worth more than US$760 million (and counting, because of post-award interest) …
Paris Court of Appeal enforces award under ICSID Additional Facility Rules between Gold Reserve and Venezuela
Abstract: In République Bolivarienne du Venezuela c/ Société Gold Reserve INC, Cour d'appel de Paris, Pôle 1 – Chambre 1, RG N° 14/21103, a judge sitting …
Exxon Mobil is awarded US$1.6 billion in ICSID claim against Venezuela – to be set off against award in parallel contractual arbitration
On 9 October 2014, a tribunal of H.E. Judge Gilbert Guillaume (President), Professor Kaufmann-Kohler and Dr. Ahmed Sadek El-Kosheri rendered a final …
No consent to ICSID jurisdiction found under Venezuelan Investment Law: distinction drawn between the intention of the drafters and the intentions of the State
In OPIC Karimun Corporation v Venezuela, an ICSID tribunal has held that Venezuela's Investment Law's reference to ICSID did not, without more, provide …
President Hugo Chavez's Legacy: What Future for Investors in Venezuela?
Overnight the Venezuelan government has confirmed the death of President Hugo Chavez after a long battle with cancer. President Chavez had been a …
Venezuela follows Bolivia and Ecuador with plans to denounce ICSID Convention
On 14 January 2012, Venezuela's Energy Minister, Rafael Ramírez, and president of state-owned oil utility PDVSA, announced the country's intention to …
Venezuela - international tribunal confirms that Article 22 of the Venezuelan Investment Law does not constitute consent to ICSID arbitration
At the end of December 2010, in a decision that will be of interest to international companies doing business in Venezuela, an ICSID tribunal in the case …