Tag: International Center for Settlement of Investment Disputes (ICSID)

• Monday, May 27th 2024 - 08:28 UTC

  Port of Montevideo ICSID case: President Lacalle pledges to defend national interests

  

  Uruguayan President Luis Lacalle Pou called for “sustaining the largest port investment in history” and pledged to “watch over the national interest” in the US$ 600 million lawsuit filed by Montecon before the International Center for Settlement of Investment Disputes (ICSID) for alleged “anti-competitive practices” in the Port of Montevideo.

• Friday, October 10th 2014 - 05:34 UTC

  WB tribunal rules Venezuela must pay ExxonMobil 1.6bn dollars for 2007 nationalization

  

  A World Bank arbitration tribunal has determined Venezuela must pay ExxonMobil Corp. around 1.6 billion dollars to compensate for a 2007 nationalization, the award posted on the ICSID website on Thursday showed.