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UPDATED. Trump's yet-to-be confirmed appointee as US secretary of state Rex Tillerson, whose company ExxonMobil had long running arbitrations with Venezuela, has told a senate committee that the country is a "calamity" – creating concern for some that he would bring his experience to bear on foreign policy.
24 January 2017
One of Venezuela’s largest ICSID creditors has added Rosneft to the list of defendants in a lawsuit to prevent the Latin American state’s national oil company PDVSA from repatriating the value of its US assets.
06 January 2017
A Caribbean oil services company has filed an ICSID claim against Venezuela – in another case related to the state’s 2009 decision to nationalise the oil services industry.
21 December 2016
Two ICSID cases relating to Latin America are to be reopened, as Venezuela applies to annul a US$98 million award won by the Vestey meat group and tobacco producer Philip Morris seeks to rectify an award dismissing its controversial claim against Uruguay.
17 August 2016
A majority tribunal has used a most-favoured-nation clause to accept jurisdiction over a previously unreported UNCITRAL claim brought by a subsidiary of US oil company Anadarko against Venezuela.
15 August 2016
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