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

Brazilian Labor Reform authorizes arbitration

On April 26 the Brazilian House of Representatives has approved a reform of the Brazilian Labor Code (“Consolidação das Leis do Trabalho”), aiming at...

Brazilian Superior Court denies Recognition of Award Due to Conflict Relating to Arbitrator’s Law...

On April 19, the special chamber of the Brazilian Superior Court of Justice denied recognition of an arbitral award issued in the United States...

10th Anniversary Edition of International Arbitration Yearbook – now available!

Baker McKenzie has released the 10th anniversary edition of its annual International Arbitration Yearbook, an in-depth report reviewing significant developments in international arbitration over...

U.S. court denies request to vacate award based on alleged partiality of arbitrator and...

A U.S. District Court rejected Argentina’s attempt to vacate a USD 21 million international arbitration award in a proceeding administered by ICSID under the...

Brazilian Superior Court Suspends Lawsuit Pending Arbitration

03Last February 9, the Second Section of the Brazilian Superior Court of Justice (STJ), the highest court for non-constitutional matters, has suspended an execution...

The ICC Expedited Procedure – New Demands for the Drafting of ICC Arbitration Agreements...

On March 1, 2017, the new Arbitration Rules of the International Chamber of Commerce (“ICC-Rules”) come into force. In Art. 30 and Annex VI,...

NAFTA in Play: Investors’ Arbitration Rights

With the ascension of the Trump administration, there is a question whether the investor-state dispute settlement (“ISDS”) provisions under the NAFTA will survive.  This...

Comparative Chart of International Investment Arbitration Rules

Investment treaty arbitrations may be brought under the rules of many different arbitration institutions.  As can be expected, each institution has its unique rules...

Baker McKenzie’s Arbitration Yearbook 2015-2016 Edition

Click here for the chapter on Venezuela in the Arbitration Yearbook.