Venezuela award threatens integrity of ICSID, argues bottlemaker
Credit: istock.com/rasslava
An award that declined to hear a billion-dollar claim against Venezuela because it was filed after the state gave notice of its denunciation of the ICSID Convention represents an “egregious assault” on the integrity and legitimacy of ICSID, according to an annulment application filed by two subsidiaries of US bottlemaker Owens Illinois.
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