Region: Venezuela
Venezuela mining award survives corruption appeal
A US appeals court has upheld the confirmation of a US$188 million award against a Venezuelan state-owned mining company, holding that its corruption allegations failed because they attacked the underlying contract and not the award itself.
23 August 2024
Air Canada seeks to enforce award against Venezuela
Air Canada has asked a US court to enforce a US$20 million ICSID additional facility award against Venezuela over earnings the state refused to convert from bolivars to US dollars.
02 August 2024
Clorox asks DC court to enforce award against Venezuela
US-based cleaning products group Clorox has asked a court in Washington, DC to enforce a US$109 million investment treaty award against Venezuela, putting the award into the public domain.
18 July 2024
Panamanian creditor pursues PDVSA in Delaware
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
ConocoPhillips enforces PDVSA award in Trinidad
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
Brazilian contractor pursues PDVSA in US court
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
Canadian miner threatens Venezuela with US$7 billion claim
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
PDVSA settles dispute over Curaçao refinery
PDVSA and Curaçao’s state-run refining company have settled a US$1.7 billion ICDR dispute over the Venezuelan state oil company’s management of a refinery on the island.
20 December 2023