Annulment: tribunal failed to take into account national law price cap when assessing damages (ICSID) | Practical Law

Annulment: tribunal failed to take into account national law price cap when assessing damages (ICSID) | Practical Law

In Venezuela Holdings BV and others v Bolivarian Republic of Venezuela (ICSID Case No ARB/07/27), an ad hoc committee considered an application for annulment under Article 52 of the ICSID Arbitration Rules.

Annulment: tribunal failed to take into account national law price cap when assessing damages (ICSID)

Practical Law UK Legal Update Case Report w-006-9351 (Approx. 6 pages)

Annulment: tribunal failed to take into account national law price cap when assessing damages (ICSID)

by Karen Maxwell (Barrister), 20 Essex Street
Published on 15 Mar 2017 • International
In Venezuela Holdings BV and others v Bolivarian Republic of Venezuela (ICSID Case No ARB/07/27), an ad hoc committee considered an application for annulment under Article 52 of the ICSID Arbitration Rules.