Venezuela wins again as panels divide over ICSID denunciation

An ICSID tribunal has departed from the recent award in the Favianca case by finding that a US$100 million claim brought against Venezuela by an investor in a BMW and Mini Cooper import business was not barred by the state’s denunciation of the ICSID Convention – but ultimately declined to hear it on other grounds.


Get unlimited access to all Global Arbitration Review content