ICSID Reconstitutes Tribunal In BIT Case Filed Against Venezuela
Mealey's (August 6, 2015, 12:53 PM EDT) -- PARIS — After an unsuccessful attempt to disqualify an arbitrator appointed by two Venezuelan companies to hear an investment dispute related to glass production, the International Centre for Settlement of Investment Disputes (ICSID) on Aug. 5 reconstituted the tribunal and indicated that the proceedings will resume (Fabrica De Vidrios Los Andres C.A., et al. v. Bolivarian Republic of Venezuela, No. ARB/12/21, ICSID).
In July 2012, Fabrica de Vidrios Los Andes C.A. and Owens-Illinois de Venezuela C.A., two companies incorporated under the laws of Venezuela, commenced arbitration...