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

Legal News

Venezuela loses challenge to US$8.5bn Conocophillips Award

Copyright © 2025 LexisNexis
Published on: 24 January 2025
Published by a Law360 reporter

Article summary

Law360: An ad hoc committee on 22 January 2025 declined to annul an arbitral award now worth more than US$8.5bn issued to ConocoPhillips in a 17-year-old dispute initiated after Venezuela nationalised three of the oil giant's projects, completely rejecting the country's challenge in a sweeping 356-page decision.

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

Related documents:

4 News
View More
7 Practice notes
View More
1 Precedents
Powered by Lexis+®

Related documents:

4 News
View More
7 Practice notes
View More
1 Precedents

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

Late payment penalties—inheritance tax

Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid

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