No consent to ICSID arbitration under Venezuelan investment law, but restructuring to access BIT not abuse of treaty | Practical Law

No consent to ICSID arbitration under Venezuelan investment law, but restructuring to access BIT not abuse of treaty | Practical Law

In Tidewater Inc and others v Bolivarian Republic of Venezuela (ICSID Case No ARB/10/5), an ICSID tribunal considered whether it had jurisdiction under the Venezuelan Law on the Promotion and Protection of Investments over a claim against Venezuela.

No consent to ICSID arbitration under Venezuelan investment law, but restructuring to access BIT not abuse of treaty

by PLC Arbitration
Published on 19 Feb 2013 • International, USA (National/Federal)
In Tidewater Inc and others v Bolivarian Republic of Venezuela (ICSID Case No ARB/10/5), an ICSID tribunal considered whether it had jurisdiction under the Venezuelan Law on the Promotion and Protection of Investments over a claim against Venezuela.