WilmerHale (JD Supra Venezuela)
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US Sanctions PdVSA to Increase Pressure on Maduro Regime
Yesterday, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Petróleos de Venezuela, S.A. (PdVSA) pursuant to Executive Order 13850, adding the state-owned Venezuelan oil company to its Specially Designated Nationals and Blocked Persons (SDN) List. OFAC accompanied the designation with an announcement that President Trump had signed a new executive order on...
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Energy Arbitration in Latin America
Introduction - Commercial and investment arbitration is growing in Latin America. The number of International Chamber of Commerce (ICC) cases in Latin America has increased each year since 2009, and Latin American countries have been respondents in approximately 30 per cent of all International Centre for Settlement of Investment Disputes (ICSID) cases. Originally published in the 2019...