ICC, 24 April 2018, Phillips Petroleum Company Venezuela Limited, Conocophillips Petrozuata B.V. v. Petroleos De Venezuela, S.A., Corpoguanipa, S.A., PDVSA Petroleo, S.A., no. 20549/ASM/JPA (C-20550/ASM), Final award

On 24 April 2018, the ICC arbitral tribunal seated in New-York issued a final award in the case between two Claimants, Phillips Petroleum Company Venezuela Limited, Conocophillips Petrozuata B.V. and the three Respondents, namely Petroleos De Venezuela, S.A., Corpoguanipa, S.A., PDVSA Petroleo. The dispute arose 11 years ago following a change of the Venezuela’s policy [...]

2018-06-27T21:18:41+02:00April 24th, 2018|ICC, International awards|0 Comments

ICSID, 22 December 2017, UAB E Energija v. Latvia, no. ARB/12/33

On 22 December 2017, an ICSID tribunal issued a final award on merits and costs in favour of a Lithuanian investor against Latvia. The dispute arose from an annulled lease agreement concluded between E-energija and Latvia during the process of privatisation of a heating and hot water supply system and their further nationalisation without compensation. [...]

2018-02-18T20:53:00+01:00December 22nd, 2017|ICSID, International awards|0 Comments
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