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Venezuela Holdings BV and ors v Venezuela, Decision on annulment, ICSID Case No ARB/07/27, IIC 926 (2017), despatched 9th March 2017, World Bank; International Centre for Settlement of Investment Disputes [ICSID]

Venezuela Holdings BV and ors v Venezuela, Decision on annulment, ICSID Case No ARB/07/27, IIC 926 (2017), despatched 9th March 2017, World Bank; International Centre for Settlement of Investment Disputes [ICSID]

1. On 2 February 2015, the Bolivarian Republic of Venezuela (“Venezuela” or “the Applicant”) filed with the Secretary-General of the International Centre for Settlement of Investment Disputes (“ICSID” or “the Centre”) an Application under Article 52 of the ICSID Convention and Rule 50 of the ICSID Arbitration Rules (“the Application”), seeking the annulment of the Award rendered on 9 October 2014 (“the Award”) of the Tribunal in the arbitration proceedings between Venezuela Holdings, B.V., Mobil Cerro Negro Holding, Ltd., Mobil Venezolana de Petróleos Holdings,...
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