K&L Gates LLP (JD Supra Venezuela)

Venezuela’s Exit from ICSID
On 24 January 2012, President Hugo Chávez followed through on his repeated threats to withdraw Venezuela’s membership from the International Centre for the Settlement of Investment Disputes ("ICSID"), the most widely used facility for the settlement of global investment disputes. (See our previous report on these threats in September 2011.) The timing coincides with the

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