Home / Arbitration / Investment treaty arbitration / Understanding investment treaty arbitration

Legal News

ICSID—Venezuela fails to annul glassmaker’s award (OIEG v Bolivarian Republic of Venezuela)

Copyright © 2025 LexisNexis
Published on: 13 December 2018
Published by a Law360 reporter

Table of contents

  • What did the tribunal decide?

Article summary

Law360: Venezuela has lost its bid to dismiss a more than $382m arbitral award issued to a subsidiary of glassmaker Owens-Illinois Incorporated whose two glass production plants were seized, after an ad hoc committee rejected arguments that the award should be annulled because Venezuela's appointed arbitrator had allegedly become biased against it.

Powered by Lexis+®
Jurisdiction(s):
United Kingdom

Related documents:

4 News
View More
8 Practice notes
View More
Powered by Lexis+®

Related documents:

4 News
View More
8 Practice notes
View More

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Contributory negligence in personal injury claims

Contributory negligence in personal injury claimsContributory negligence is a partial defence which can lead to a discount in damages.Other defences may also be relevant. See Practice Notes: Did the claimant consent to the risk of injury? and Was the claimant involved in an illegal activity?If a