Kluwer: Colombian Supreme Court Denies Recognition of an ICSID Award Against Venezuela

Published on September 14, 2024

By Maria Victoria Munevar Torrado (Brigard Urrutia), Felipe Mutis Tellez (Brigard Urrutia) and Valentina Buritica Buitrago (Brigard Urrutia)

Rusoro Mining Ltd. (“Rusoro”), a Canadian corporation, filed an investment claim against The Bolivarian Republic of Venezuela (“Venezuela”), pursuant to the International Centre for Settlement of Investment Disputes (“ICSID”) Additional Facility Arbitration (“AF”) Rules of April 2006 (Case No. ARB(AF)/12/5). Rusoro claimed that, between 2009 and 2010, Venezuela expropriated its investment over mining rights and...

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