Venezuela fails to annul bottlemaker's award
Owens-Illinois is the largest manufacturer of glass containers in the Americas, Asia-Pacific and Europe (Credit: iStock/hedgehog94)
An ICSID committee has upheld a bottlemaking company's US$485 million award against Venezuela – rejecting arguments that arbitrator Alexis Mourre had a conflict of interests because of short-lived plans to do consulting work for Dechert.
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