Tribunal Orders Venezuela To Pay Oil Investor $108M In Unpaid Dividends Dispute

Mealey's (November 17, 2022, 2:17 PM EST) -- THE HAGUE, Netherlands — The Permanent Court of Arbitration (PCA) on Nov. 16 published a tribunal’s final award ordering the Bolivarian Republic of Venezuela to pay a Barbadian oil and gas investor more than $108 million plus more than 600,000 euros for two years of intentionally unpaid dividends on its shares of a Venezuelan entity, plus interest accrued since 2011, attorney fees and arbitration costs....