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)
La República Bolivariana de Venezuela evalúa todas las vías jurídicas disponibles con respecto al laudo dictaminado el pasado lunes por el tribunal del Ciadi sobre el caso de la siderúrgica Tenaris y Talta.
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.
Tenaris y su subsidiaria Talta acudieron al Centro Internacional de Arreglo de Diferencias Relativas a Inversiones (CIADI) en el 2012 por la expropiación de sus inversiones en Tubos de Acero de Venezuela SA (Tavsa) y Complejo Siderúrgico de Guayana (Comsigua).
Subsidiarias de la petrolera estadounidense ConocoPhillips demandaron a la estatal Petróleos de Venezuela (PDVSA) ante una corte de Delaware, según documentos judiciales, acusándola de operaciones fraudulentas en las que estaría involucrada Citgo
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).
An international arbitration tribunal has ordered Venezuela to pay a Vancouver-based mining company more than $1.2 billion for expropriating its gold mines.