ICSID Dismisses Claims Asserted By Companies Under Venezuelan Law

WASHINGTON, D.C. - A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Feb. 8 allowed certain objections to jurisdiction asserted by the Bolivarian Republic of Venezuela in relation to claims asserted against it by investment and marine companies but allowed certain claims asserted under a bilateral investment treaty to proceed (Tidewater Inc., et al. v. The Bolivarian Republic of Venezuela, No. ARB/10/5 ICSID).

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