Post #1861

A significant (though not unexpected) setback for Venezuela as the ICSID tribunal rejects an appeal against an $8.5 billion arbitration award granted to ConocoPhillips. The US oil giant has launched multiple efforts to collect debts against the Caribbean nation. Read the report: https://venezuelanalysis.com/news/venezuela-loses-multi-billion-dollar-conocophillips-icsid-appeal/ #InternationalArbitration#ConocoPhillips#ICSID#Venezuela