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

High Court of Justice of England and Wales, 16 April 2018, Reliance Industries Ltd & Anor v. The Union of India [2018] EWHC 822 (Comm)

A dispute arose between Reliance Industries Limited & BG Exploration and Production India Limited and the Union of India because of two Production Sharing Contracts by which Defendant granted to the Contractor (Claimants and a third party) the exclusive right to exploit petroleum resources discovered in two areas off the west coast of India for [...]

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