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ICSID: Venezuela Global Leader
Latin America – led by Venezuela – lead in
World Bank dispute cases.
BY JOACHIM BAMRUD
Last week, The World Bank's International Center for Settlement of Investment
Disputes (ICSID) ruled that Venezuela had to compensate US-based ConocoPhillips,
the world’s largest independent oil exploration and
production company, for a 2007 expropriation of three
major assets.
The Conoco case isn’t the only Venezuela case at the ICSID. In fact, Venezuela leads all countries worldwide in pending ICSID cases according to a Latinvex analysis. It also leads in new cases in ICSID’s fiscal year 2013, which ended in June.
Meanwhile, Argentina leads in total cases
(pending and concluded) at the ICSID, followed by Venezuela and Egypt.
The ICSID has registered a total of 433 cases since 1972. Latin America is by
far the largest region, accounting for ...
Full story
Law Firm Keywords: Arnold & Porter, Cleary Gottlieb, Clifford Chance, Covington & Burling,
Curtis, Foley Hoag, Debevoise & Plimpton, Dechert, DLA Piper, Freshfields,
Hogan Lovells, Jones Day, King & Spalding, Shearman & Sterling, Sidley Austin, Volterra Fietta,
Weil Gotshal, White & Case
Country Keywords: Argentina,
Bolivia, Chile, Colombia, Costa Rica,
Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua,
Panama, Paraguay, Peru, Uruguay and Venezuela
THE NUMBERS
ICSID & Latin America: The Law Firm Tally
(Pending Cases)
ICSID & Venezuela: The Law Firm Tally
(Pending Cases)
ICSID & Latin America: The Country Tally
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