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

Brazil Enacts Decree Regulating Arbitrations Involving the Federal Union

On September 20, 2019, Decree 10,025/2019 was enacted, to regulate arbitration with the Federal Union, federal administration entities and concessionaires of federal public services. The...

New Brazilian Law authorizes mediation and arbitration to discuss indemnification due to expropriation

On August 27, 2019, Law No. 13.86/19 was published, amending Decree-law No. 3.365/41 (the Brazilian statute on expropriation) to authorize the definition of amount...

São Paulo regulates arbitration with state entities

The State of São Paulo has issued on July 31, 2019 Decree 64,356, which regulates arbitration with such State and the entities it controls. Institutional...

International Arbitration Statistics 2018 – Another busy year for Arbitral Institutions

While it hasn’t been a record year for most arbitral institutions, the demand for arbitration is still very strong. As in the previous yearsSee:...

Brazilian Transport Agency Regulates Arbitration with Privates Parties

On May 17, 2018, the Federal Terrestrial Transport Agency of Brazil (ANTT) enacted Resolution 5,845/2019, whereby it detailed the procedure for mediations and arbitrations...

FIDIC Emerald Book Published for Underground Work

The Fédération Internationale des Ingénieurs-Conseils (FIDIC), in association with the International Tunnelling and Underground Space Association (ITA-AITES), launched the First Edition of the "Conditions...

Colombia: Constitutional actions in international arbitration

Colombian constitutional law provides an action for the defense of fundamental constitutional rights, known as a “tutela action.” The tutela action has been accepted...

Brazil enacts “Economic Freedom” Act

On April 30, 2019 the Brazilian Federal government has enacted Provisional Measure 881 (“MP 881”), with the intention of boosting economic freedom and reducing...

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.