PCA Finds Most Of Investor’s Claims In Oil Investment Case Not Caused By Venezuela

Mealey's (March 3, 2021, 8:22 AM EST) -- THE HAGUE, Netherlands — A Permanent Court of Arbitration (PCA) tribunal on Feb. 5 rejected the majority of claims brought by a Barbadian investor based in the United States that alleged its oil investment was expropriated by the Bolivarian Republic of Venezuela, finding that only the investor’s claim for nonpayment of two years’ dividends was attributable to Venezuela....