Arbitral Digest

Matter

M... O... S... M... and U... O... G... U... v Bolivarian Republic of Venezuela (Paris Court of Appeal RG 19/03588)

Case no.
PCA Case No. 2013-3
Applicable rules
1976 UNCITRAL Arbitration Rules
  1. 15 December 2014Arbitration

    15 December 2014Arbitration

    Arbitral Award on jurisdiction issued in Paris on 15 December 2014

    Permanent Court of Arbitration

    Decision summary
    The tribunal found that the claimants were investors and that their investments qualified under the Spain-Venezuela investment treaty, rejected Venezuela's jurisdictional objections, and declared itself competent to determine the dispute.

    Supporting details

    2 authorities · 7 participants
    M... O... S... M...
    U... O... G... U...
    Bolivarian Republic of Venezuela
    Permanent Court of Arbitration
    Arbitrator
    Eduardo Grebler
    Institutional administrator
    Permanent Court of Arbitration

    Authorities cited

    2
    • Spain-Venezuela Bilateral Treaty on the Reciprocal Promotion and Protection of Investments of 2 November 1995
      treaty
    • 1976 UNCITRAL Arbitration Rules
      rules

    2 years, 4 months and 10 days later · 862 days

  2. 25 April 2017France

    25 April 2017France

    Judgment of the Paris Court of Appeal dated 25 April 2017

    Paris Court of Appeal

    Decision summary
    The Paris Court of Appeal partially annulled the 15 December 2014 arbitral award insofar as it treated the disputed assets as investments without considering the investors' nationality when they made the investments, and granted exequatur for the remainder.

    Supporting details

    1 authority · 3 participants
    Bolivarian Republic of Venezuela
    M... O... S... M...
    U... O... G... U...
    Paris Court of Appeal

    Authorities cited

    1
    • French Code of Civil Procedure
      statute

    1 year, 9 months and 19 days later · 659 days

  3. 13 February 2019France

    13 February 2019France

    Judgment of the French Court of Cassation dated 13 February 2019

    French Court of Cassation

    Decision summary
    The French Court of Cassation quashed and annulled the Paris Court of Appeal judgment of 25 April 2017 in all its provisions and remitted the matter to a differently composed court.

    Supporting details

    1 authority · 3 participants
    Bolivarian Republic of Venezuela
    M... O... S... M...
    U... O... G... U...
    French Court of Cassation

    Authorities cited

    1
    • French Code of Civil Procedure
      statute

    1 year, 3 months and 21 days later · 476 days

  4. 3 June 2020France

    3 June 2020France

    Judgment of the Paris Court of Appeal in the case RG 19/03588 dated 3 June 2020

    Paris Court of Appeal, Division 5 - Chamber 16

    Case no.
    RG 19/03588
    Decision summary
    On remittal after cassation, the Paris Court of Appeal rejected the parties' procedural objections and annulled in its entirety the 15 December 2014 arbitral award on jurisdiction. It ordered the two O... claimants to pay Venezuela EUR 100,000 under Article 700 of the French Code of Civil Procedure and the costs.

    Supporting details

    4 authorities · 15 participants
    Bolivarian Republic of Venezuela
    Representative
    Luca DE MARIA (For: Bolivarian Republic of Venezuela)
    Representative
    SELARL PELLERIN - DE MARIA - GUERRE (For: Bolivarian Republic of Venezuela)
    Representative
    Alfredo DE JESUS O. (For: Bolivarian Republic of Venezuela)
    M... O... S... M...
    Representative
    Matthieu BOCCON GIBOD (For: M... O... S... M... · U... O... G... U...)
    Representative
    SELARL LEXAVOUE PARIS-VERSAILLES (For: M... O... S... M... · U... O... G... U...)
    Representative
    Shaparak SALEH (For: M... O... S... M... · U... O... G... U...)
    Representative
    Christophe SERAGLINI (For: M... O... S... M... · U... O... G... U...)
    Representative
    Hermann PRODEL (For: M... O... S... M... · U... O... G... U...)
    U... O... G... U...
    Representative
    Matthieu BOCCON GIBOD (For: M... O... S... M... · U... O... G... U...)
    Representative
    SELARL LEXAVOUE PARIS-VERSAILLES (For: M... O... S... M... · U... O... G... U...)
    Representative
    Shaparak SALEH (For: M... O... S... M... · U... O... G... U...)
    Representative
    Christophe SERAGLINI (For: M... O... S... M... · U... O... G... U...)
    Representative
    Hermann PRODEL (For: M... O... S... M... · U... O... G... U...)
    Paris Court of Appeal, Division 5 - Chamber 16
    Other
    Institutional administrator
    Clémentine GLEMET

    Authorities cited

    4
    • Spain-Venezuela Bilateral Treaty on the Reciprocal Promotion and Protection of Investments of 2 November 1995
      treaty
    • Economic Agreement between Spain and Venezuela
      treaty
    • Vienna Convention on the Law of Treaties
      treaty
    • French Code of Civil Procedure
      statute

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M... O... S... M... and U... O... G... U... v Bolivarian Republic of Venezuela (Paris Court of Appeal RG 19/03588) · Matter