ICSID tribunal considers issues of lawful expropriation, fair and equitable treatment and compensation in Exxon Mobil claim against Venezuela | Practical Law

ICSID tribunal considers issues of lawful expropriation, fair and equitable treatment and compensation in Exxon Mobil claim against Venezuela | Practical Law

In Venezuela Holdings and others v. the Bolivarian Republic of Venezuela (ICSID Case No. ARB/07/27), an ICSID tribunal has considered issues of fair and equitable treatment and expropriation, in particular whether Venezuela’s expropriation of the claimant’s assets was lawful and the amount of compensation to be awarded.

ICSID tribunal considers issues of lawful expropriation, fair and equitable treatment and compensation in Exxon Mobil claim against Venezuela

by Florencia Villaggi (Associate), Herbert Smith Freehills LLP
Published on 22 Oct 2014 • International
In Venezuela Holdings and others v. the Bolivarian Republic of Venezuela (ICSID Case No. ARB/07/27), an ICSID tribunal has considered issues of fair and equitable treatment and expropriation, in particular whether Venezuela’s expropriation of the claimant’s assets was lawful and the amount of compensation to be awarded.