ICSID Discontinues Arbitration After Company, Venezuela Settle Dispute

(January 7, 2019, 1:22 PM EST) -- WASHINGTON, D.C. — After receiving notice that the terms of a settlement over an oil and gas enterprise dispute were met, a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Jan. 4 released its order discontinuing an arbitration between a gas compression services company and the Bolivarian Republic of Venezuela (Universal Compression International Holdings S.L.U. v. The Bolivarian Republic of Venezuela, No. ARB/10/9, ICSID)....