ICSID, 22 November 2017, Transban Investments v. Bolivarian Republic of Venezuela, no. ARB/12/24

Transban is a company initially incorporated under the laws of Venezuela and later re-domiciled as Barbadian. It had a stake in Centro Bavarian Venezuela, which owned exclusive rights to import BMW and Mini Cooper cars to Venezuela. Venezuela announced its denunciation of the ICSID Convention on 24 January 2012, triggering a six-month notice period. Transban’s [...]