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.
While India has been reshaping its arbitration laws and investment climate, the jury is still out on whether these measures will actually help create a more secure legal environment for investors.
El triunfo del Gobierno de Uruguay ante la demanda establecida por la tabacalera transnacional Philip Morris constituyó en el año que termina un fuerte espaldarazo a las autoridades del pequeño país sudamericano en su campaña contra el tabaquismo.
Due to inherent systemic issues with specialised and supranational courts, a multilateral investment court would create a high risk on expansive interpretations of investors’ rights.