Matter
[J] [Y] [O] and [T] [Y] [C] v Bolivarian Republic of Venezuela (Paris Court of Appeal RG 19/13397)
- 15 December 2014Arbitration
15 December 2014Arbitration
Partial Award on Jurisdiction
Permanent Court of Arbitration
- Decision summary
- The arbitral tribunal declared that it had jurisdiction over the claims brought by [J] [Y] [O] and [T] [Y] [C] against Venezuela.
Supporting details
4 participantsBolivarian Republic of Venezuela
[J] [Y] [O]
[T] [Y] [C]
Permanent Court of Arbitration
- Institutional administrator
- Permanent Court of Arbitration
4 years, 4 months and 11 days later · 1593 days
- 26 April 2019Arbitration
26 April 2019Arbitration
Decision on the First and Second Revision Applications
Permanent Court of Arbitration
- Decision summary
- The tribunal unanimously rejected the First and Second Revision Applications as inadmissible and ordered that their costs be borne by Venezuela and included in the provisions of the Final Award.
Supporting details
2 authorities · 7 participantsBolivarian Republic of Venezuela
[J] [Y] [O]
[T] [Y] [C]
Permanent Court of Arbitration
- Arbitrator
- [P] [B]
- Arbitrator
- [A] [S] [I]
- Arbitrator
- [F] [H]
- Institutional administrator
- Permanent Court of Arbitration
- 26 April 2019Arbitration
26 April 2019Arbitration
Final Award
Permanent Court of Arbitration
- Decision summary
- The arbitral tribunal found that Venezuela had violated the Spain–Venezuela investment treaty and international law and ordered it to compensate [J] [Y] [O] and [T] [Y] [C].
Supporting details
4 participantsBolivarian Republic of Venezuela
[J] [Y] [O]
[T] [Y] [C]
Permanent Court of Arbitration
- Institutional administrator
- 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 in case RG 19/13397 dated 24 October 2023
Paris Court of Appeal, International Commercial Chamber, Pole 5 Chamber 16
- Decision summary
- The court rejected Venezuela's application to set aside the tribunal's 26 April 2019 Decision on the First and Second Revision Applications in CPA Case No. 2013-3. It held that the tribunal had rejected the revision applications as inadmissible rather than declining jurisdiction, and that the grounds advanced did not establish a basis for annulment. The rejection conferred exequatur on the arbitral decision; Venezuela was ordered to pay EUR 100,000 to [J] [Y] [O] and [T] [Y] [C] under Article 700 of the French Code of Civil Procedure and to bear the costs.
Supporting details
3 authorities · 14 participantsBolivarian Republic of Venezuela
- Representative
- Luca DE MARIA (For: Bolivarian Republic of Venezuela)
- Representative
- Alfredo DE JESUS O. (For: Bolivarian Republic of Venezuela)
[J] [Y] [O]
- Representative
- Matthieu BOCCON GIBOD (For: [J] [Y] [O] · [T] [Y] [C])
- Representative
- Shaparak SALEH (For: [J] [Y] [O] · [T] [Y] [C])
- Representative
- Eugénie WROBEL (For: [J] [Y] [O] · [T] [Y] [C])
- Representative
- Ilan BRUN-VARGAS (For: [J] [Y] [O] · [T] [Y] [C])
- Representative
- Christophe SERAGLINI (For: [J] [Y] [O] · [T] [Y] [C])
[T] [Y] [C]
- Representative
- Matthieu BOCCON GIBOD (For: [J] [Y] [O] · [T] [Y] [C])
- Representative
- Shaparak SALEH (For: [J] [Y] [O] · [T] [Y] [C])
- Representative
- Eugénie WROBEL (For: [J] [Y] [O] · [T] [Y] [C])
- Representative
- Ilan BRUN-VARGAS (For: [J] [Y] [O] · [T] [Y] [C])
- Representative
- Christophe SERAGLINI (For: [J] [Y] [O] · [T] [Y] [C])
Paris Court of Appeal, International Commercial Chamber, Pole 5 Chamber 16
- Judge
- Daniel BARLOW
- Judge
- Fabienne SCHALLER
- Judge
- Laure ALDEBERT
- Court clerk
- Najma EL FARISSI