Damages Awarded To Perenco For FET Breach In Ecuador

(Institutional Institute for Sustainable Development, 17.Dec.2019) — A long-standing tribunal under the France–Ecuador BIT has issued its final award on compensation. The award orders Ecuador […]

Venezuela’s Citgo Refineries At Risk Of Seizure

(Forbes, Robert Rapie, 12.Aug.2018) – In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil and ConocoPhillips, I suggested […]

ICSID Orders Ecuador Pay ConocoPhillips $380 Mln

(ConocoPhillips, 8.Feb.2017) – ConocoPhillips’ wholly owned subsidiary, Burlington Resources Inc., received an arbitration award of $380 million from an international arbitration tribunal, constituted under the […]

Paris Court Favors with Gold Reserve

(Gold Reserve Inc., 7.Feb.2017) – Gold Reserve Inc. announced that on February 7, 2017, the Paris Court of Appeal rejected all of Venezuela’s arguments and […]

Court Enters Default Against Venezuela

(Gold Reserve Inc., 30.Mar.2015) – Gold Reserve Inc. reported on developments in the proceedings instituted in the U.S. District Court for the District of Columbia […]

Owens-Illinois Wins Venezuelan Arbitration

(Owens-Illinois, Inc., 12.Mar.2015) – Owens-Illinois, Inc. reported that its Dutch subsidiary, OI European Group B.V. (OIEG), has prevailed in an international arbitration against Venezuela. OIEG […]

Harvest Withdraws Venezuelan Arbitration Request

(Harvest Natural Resources, 29.Jan.2015) – Harvest Natural Resources, Inc. announced that its affiliates, HNR Finance B.V. (Harvest BV) and Harvest Vinccler S.C.A. (HVSCA), have withdrawn […]