Organisation: PDVSA

ConocoPhillips has persuaded a court in Trinidad and Tobago to appoint a receiver over payments the Caribbean country owes to Venezuela’s PDVSA, as part of the US oil company’s efforts to recover US$1.3 billion under an ICC award. 

02 October 2024

A Curaçao court has allowed Belgium’s export credit agency to enforce a US$25 million ICC award against a subsidiary of Venezuelan state-owned oil company PDVSA.

03 September 2024

A Panamanian distributor has asked a Delaware court to enforce a previously unreported ICC award worth US$74 million against Venezuela’s national oil and gas company PDVSA over unpaid deliveries of equipment.     

30 June 2024

In an unusual decision, Colombia’s Supreme Court has refused to recognise a US$1.7 billion investment treaty award against Venezuela on the basis that the state enjoys immunity from execution. 

24 June 2024

A court in Trinidad and Tobago has recognised a US$2 billion ICC award won by ConocoPhillips against Venezuela’s national oil and gas company PDVSA – as the US company seeks to recover the US$1.3 billion it says it is still owed. 

04 June 2024

A Brazilian construction group has asked a US court to enforce a US$52 million ICC award against Venezuela’s national oil and gas company PDVSA over terminated contracts to build two gas processing facilities. 

02 May 2024

Canada’s Gold Reserve, which won a billion-dollar award against Venezuela a decade ago, has threatened the state with a new investment treaty claim worth more than US$7 billion after its mining rights were again revoked. 

24 April 2024

International arbitration lawyers have been paying tribute to David Kasdan, a prolific real-time court reporter who transcribed more than a thousand hearings and procedural sessions, who has died aged 60.

08 March 2024

Ecuador says that Australian engineering company Worley has paid US$6 million to satisfy a costs award from its failed US$145 million treaty claim, which was thrown out last year based on findings of illegality. 

01 March 2024

Australian engineering company Worley has not only lost a recent US$175 million arbitration against Ecuador, it has likely invited the US Department of Justice to scrutinise whether the company bribed foreign officials, two former US prosecutors told GAR’s sister publication Global Investigations Review (GIR). 

19 January 2024