(July 27, 2016, 1:32 PM EDT) -- WASHINGTON, D.C. — After finding that Venezuela submitted no new information in its sixth proposal to disqualify and arbitrator, two members of a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on July 26 denied its request to disqualify the arbitrator in the case (ConocoPhillips Petrozuata B.V., et al. v. Bolivarian Republic of Venezuela, No. ARB/07/30, ICSID).

(Decision on the proposal to disqualify available. Document #05-160830-001X.)

Arbitration

ConocoPhillips Petrozuata B.V, ConocoPhillips Hamaca B.V., ConocoPhillips Gulf of Paria B.V. and ConocoPhillips Co. filed arbitration...