Organisation: PDVSA
Dutch court blocks enforcement against Venezuelan state entities
A Dutch appeal court has refused to allow the holder of a US$500 million ICSID award against Venezuela to pursue enforcement against the country’s national oil company and its subsidiaries.
21 June 2023
US court enforces tortilla award against Venezuela
A US court has confirmed a tortilla maker’s US$430 million ICSID award against Venezuela, rejecting arguments that the interim government of former opposition leader Juan Guaidó was denied due process when it was barred from appearing in annulment proceedings.
23 May 2023
Swiss arbitrator goes solo
Pierre-Yves Tschanz, who was a partner at the recently disbanded Swiss firm Tavernier Tschanz, has established an independent arbitrator practice in Geneva.
02 May 2023
US sanctions agency gives nod to Venezuelan asset sale
The US government agency that administers economic sanctions has indicated it does not oppose the court-supervised auction of an interest in a US refinery business owned by Venezuela’s national oil and gas company PDVSA to pay the state’s creditors.
02 May 2023
Wiley Rein promotes two in DC
Washington, DC, firm Wiley Rein has promoted Josh Simmons and Lukman Azeez to partner in its global disputes practice.
13 March 2023
Venezuelan upheaval creates confusion in US enforcement actions
The Venezuelan National Assembly has removed interim leader Juan Guaidó and installed new leadership to take charge of its foreign assets – potentially creating confusion in the dozens of US enforcement proceedings where he had been recognised as the country’s legitimate president.
06 January 2023
Occidental wins damages over Venezuelan dividends
An UNCITRAL tribunal has ordered Venezuela to pay US$105 million to a Barbadian subsidiary of Occidental Petroleum after finding the state liable for discriminatory conduct in its payment of dividends from an oil and gas venture.
18 November 2022
PDVSA may face multibillion claim over joint venture
UPDATED: Executives at a Dutch company say they are considering potential arbitration claims worth billions of dollars against PDVSA after the Venezuelan state entity expropriated their interest in a joint venture.
08 November 2022
Three Crowns creates first CEO
Three Crowns has appointed Hugh Carlson as its first chief executive officer.
29 September 2022
"Fifteen years is long enough”: US court enforces Conoco award
A US court has granted ConocoPhillips’ bid to enforce a US$9 billion ICSID award against Venezuela over three oil projects that were expropriated in 2007, finding there is no reason to think the state is likely to succeed in having it annulled.
22 August 2022