Arbitration News from Venezuela

USA: District court confirms ICSID award’s interest rate

In Mobil Cerro Negro, Ltd. v. Bolivarian Republic of Venezuela, No. 14-8163-cv (S.D.N.Y. Mar. 4, 2015), the District Court for the Southern District of...

Venezuela versus the ICSID Convention

Venezuela's withdrawal from the ICSID Convention does not prevent foreign investors from relying on other mechanisms in order to protect their rights. On 24 January...

Arbitration News from Latin America

ICCA-NYC Bar-CPR Working Group on Cybersecurity in International Arbitration

Technology plays an increasingly important role in almost every aspect of life and does not stop at international arbitration. While technology could facilitate the...

Arb-Med-Arb: what is it and how can it help the parties to solve their...

What is the most efficient alternative, i.e. out of court, way to settle disputes? Arbitral institutions provide many options to the parties: “normal” arbitration,...

ICC and LCIA Revise Practice Notes

At the end of October, both, ICC and LCIA, introduced revised practice notes. Aiming to increase efficiency of the proceedings the ICC amended its 30-page...

NAFTA in Play: Investors’ Arbitration Rights

As the NAFTA withdrawal rhetoric heats up, it would be prudent to determine whether your company has any claims against a NAFTA government that...

ICCA and Queen Mary School Task Force’s Draft Report on Third Party Funding

On 1 September, a task force of the ICCA and the Queen Mary School of International Arbitration published a draft report on third party...

Argentina: New Legal Framework Allows for International Arbitration and Dispute Boards in Public-Private Partnership...

A recent legal framework in the Argentine Republic allows for domestic or international arbitration and dispute boards for public-private partnerships, and is expected to...

Brazilian Court of Appeals confirms the validity of arbitration in international sales representation agreement

On June 21, 2017, the Court of Appeals of São Paulo confirmed the validity of an arbitration clause set forth in an international sales...

Security for costs – Renunciation of the standards set up in “RSM v. Saint...

Can a tribunal order an impecunious claimant to pay security for costs? This is an often debated topic both in commercial and in investment...

Baker McKenzie’s Arbitration Yearbook 10th Anniversary Edition 2016-2017 

Click here for the chapter on Venezuela in the 2016-2017 Arbitration Yearbook.

 

Baker McKenzie’s Arbitration Yearbook 2015-2016 Edition

Click here for the chapter on Venezuela in the 2015-2016 Arbitration Yearbook.