Arbitral Digest

Matter

Anglo American plc v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/14/1)

Case no.
ARB(AF)/14/1
Seat
France
Applicable rules
ICSID Arbitration (Additional Facility) Rules of 2006
  1. 18 January 2019France

    18 January 2019France

    Award

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal upheld jurisdiction over Anglo American plc's treaty claims but declined jurisdiction over Venezuela's counter-claim. It dismissed all of Anglo American plc's treaty claims and the remaining petitions and claims, with each party bearing its own costs and expenses.

    Supporting details

    12 authorities · 32 participants
    Anglo American plc
    Bolivarian Republic of Venezuela
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Yves Derains
    Arbitrator
    Raul E. Vinuesa
    Tribunal secretary
    Aurore Descombes
    Tribunal secretary
    Marie Girardet
    Other
    Witness
    Lis Gomez
    Witness
    Luis Gomez
    Expert
    Alex Lee

    Authorities cited

    12
    • 1999 Mining Law of Venezuela
      statute
    • 1945 Mining Law of Venezuela
      statute
    • Venezuelan Law on Promotion of Private Investment under the Concession System of September 17, 1999
      statute
    • Venezuelan Expropriation Law for Public and Social Use of July 1, 2002
      statute
    • Venezuelan VAT Law of 2002
      statute
    • Constitution of Venezuela
      statute
    • Tecnicas Medioambientales Teemed S.A. v. United Mexican States (ICSID Case No. ARB(AF)/00/2, Award, May 29, 2003)
      case-law
    • Joseph Charles Lemire v. Ukraine (ICSID Case No. ARB/06/18, Decision on Jurisdiction and Liability, January 14, 2010)
      case-law
    • Saluka Investments BV v. Czech Republic (UNCITRAL, Partial Award, March 17, 2006)
      case-law
    • Crystallex v. Venezuela
      case-law
    • Parkerings-Compagniet AS v. Republic of Lithuania (ICSID Case No. ARB/05/8, Award, September 11, 2007)
      case-law
    • Paushok v. Mongolia
      case-law

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Anglo American plc v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/14/1) · Matter