Tag: World Bank arbitration tribunal

• 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.