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

Procedural record

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.

   Participants

   Anglo American plc

   Bolivarian Republic of Venezuela

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Yves Derains

   Arbitrator

   Guido Santiago Tawil

   Arbitrator

   Raul E. Vinuesa

   Tribunal secretary

   Marco Tulio Montanes-Rumayor

   Tribunal secretary

   Aurore Descombes

   Tribunal secretary

   Marie Girardet

   Other

   Witness

   Oscar Perez

   Witness

   Euler Piantino

   Witness

   Rebecca Charlton

   Witness

   Erika Figueroa

   Witness

   Lis Gomez

   Witness

   Jose Solano

   Witness

   Freddy Angulo

   Witness

   Luis Gomez

   Witness

   Endes Jose Palencia Ortiz

   Witness

   Jose Manuel Raposo

   Witness

   Irene Villasmil

   Expert

   Howard Rosen

   Expert

   Chris Milburn

   Expert

   Alex Lee

   Expert

   Rick Lambert

   Expert

   Phillip Mackey

   Expert

   Brenna Scholey

   Expert

   Allan Brewer-Carias

   Expert

   Alejandro Canonico Sarabia

   Expert

   Patrick Willis

   Expert

   Nicholas Barcza

   Expert

   Daniel Flores

   Expert

   Ettore Comi

   Expert

   Brendan Moore

   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