ISDS Case Map
Venezuela
An ICSID Annulment Committee's decision to reduce the damages to be paid to Exxon by $1.4 billion seems like a cause for celebration-a victory of economic sovereignty over Big Oil. But as gifts to economic justice go, this one is a Trojan horse indeed.
A World Bank tribunal's order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled
A Canadian company, Gold Reserve Inc, disputed a permit revocation that affected a gold and copper ore deposit exploration project in Venezuela.
The Paris Court of Appeal rejected all of Venezuela’s arguments and issued a judgment dismissing the annulment applications filed by Venezuela pending before the French courts in relation to the arbitral award rendered by the ICSID
Venezuelan president Hugo Chavez nationalized the Venezuelan gold sector through an official decree during the summer 2011. Rusoro claimed that the decree violated the bilateral investment treaty between Canada and Venezuela.
Air Canada registered a case with the International Centre for Settlement of Investment Disputes to recover USD35 million in blocked funds.
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)
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.
A World Bank tribunal ordered Venezuela to pay steelmaker Tenaris SA $162 million for expropriating two investments in the country
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.
