Matter
[J] [K] [L] and [E] [K] [G] v Bolivarian Republic of Venezuela (PCA Case No. 2013-3)
- 26 April 2019Arbitration
26 April 2019Arbitration
PCA Final Award in Case No. 2013-3 issued on 26 April 2019
Permanent Court of Arbitration
- Award no.
- PCA Case No. 2013-3
- Decision summary
- The final award ordered the Bolivarian Republic of Venezuela to pay [J] [K] [L] USD 75,677,393.94 in compensation and USD 50,637,156.71 in interest. The Paris Court of Appeal later partially annulled the compensation and interest provisions concerning the guarantee-deposit investment.
Supporting details
3 participants[J] [K] [L]
[E] [K] [G]
Bolivarian Republic of Venezuela
Permanent Court of Arbitration
4 years, 5 months and 28 days later · 1642 days
- 24 October 2023France
24 October 2023France
Judgment of the Paris Court of Appeal, Pôle 5 Chamber 16 in RG No. 19/13396 dated 24 October 2023
Paris Court of Appeal, Pôle 5 Chamber 16
- Decision summary
- The court partially annulled the PCA final award in Case No. 2013-3 insofar as it awarded [J] [K] [L] USD 75,677,393.94 and related interest of USD 50,637,156.71 for the guarantee-deposit investment, and rejected Venezuela’s annulment application for the remainder; the non-annulled portion received exequatur.
Supporting details
3 participants[J] [K] [L]
[E] [K] [G]
Bolivarian Republic of Venezuela
Paris Court of Appeal, Pôle 5 Chamber 16
8 months and 8 days later · 252 days
- 2 July 2024France
2 July 2024France
Decision of the Paris Court of Appeal, International Commercial Chamber, Pôle 5 Chamber 16 in RG No. 23/19857 dated 2 July 2024
Paris Court of Appeal, International Commercial Chamber, Pôle 5 Chamber 16
- Citation
- Paris Court of Appeal, International Commercial Chamber, Pôle 5 Chamber 16, No. 65/2024, 2 July 2024
- Decision summary
- The court rejected [J] [K] [L] and [E] [K] [G]’s request to correct or interpret the 24 October 2023 judgment and dismissed their related claims. It granted Venezuela’s request to correct the French wording of the amount in the first annulled compensation provision, replacing “fourteen cents” with “ninety-four cents,” and ordered [J] [K] [L] to pay Venezuela EUR 15,000 under Article 700 of the French Code of Civil Procedure; costs were left to the Public Treasury.
Supporting details
6 authorities · 19 participants[J] [K] [L]
- Representative
- Matthieu Boccon Gibod (For: [J] [K] [L] · [E] [K] [G])
- Representative
- SELARL LX Paris-Versailles-Reims (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Shaparak Saleh (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Camelia Aknouche (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Partnerships Three Crowns (Services) LLP (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Christophe Seraglini (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Quentin Herruel (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Freshfields Bruckhaus Deringer LLP (For: [J] [K] [L] · [E] [K] [G])
[E] [K] [G]
- Representative
- Matthieu Boccon Gibod (For: [J] [K] [L] · [E] [K] [G])
- Representative
- SELARL LX Paris-Versailles-Reims (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Shaparak Saleh (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Camelia Aknouche (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Partnerships Three Crowns (Services) LLP (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Christophe Seraglini (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Quentin Herruel (For: [J] [K] [L] · [E] [K] [G])
- Representative
- Freshfields Bruckhaus Deringer LLP (For: [J] [K] [L] · [E] [K] [G])
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)
- Representative
- SELARL Alfredo De Jesus O. - Transnational Arbitration & Litigation (For: Bolivarian Republic of Venezuela)
Paris Court of Appeal, International Commercial Chamber, Pôle 5 Chamber 16
- Judge
- Daniel Barlow
- Judge
- Fabienne Schaller
- Judge
- Laure Aldebert
Other
- Institutional administrator
- Najma El Farissi