La estatal Petróleos de Venezuela (Pdvsa) informó que actuará para proteger sus activos en Estados Unidos, tras la solicitud de embargo que hizo la minera canadiense Crystallex ante una corte de ese país por una disputa que arrastran ambas empresas desde hace años.
In the last few months, the long-lasting dispute between Mr Pey Casado and the Foundation Presidente Allende and the Republic of Chile has seen numerous developments.
That concern is a real and serious one, but there is also a more direct and crude problem: parties (or their lawyers) bribing, or making backdoor deals with, the arbitrators to secure a favorable outcome.
Crystallex — owed $1.4 billion for the expropriation of its Venezuela mining subsidiary — has moved U.S. Federal Court in Delaware to seize Petroleos de Venezuela Holding, the parent company of PDVSA’s American unit Citgo Holding.
More than 100 U.S. business groups and associations are pushing the Trump administration to not only preserve investor-state dispute settlement and related provisions in an updated NAFTA agreement but to also strengthen them to further protect intellectual property and interests.