from anti-Chavez VHeadline commentary:

http://vheadline.com/readnews.asp?id...

" Consequently, the State will not only be able to wriggle out of paying its debts and evade meeting its liabilities with these service companies, but it will also be able to take possession of their assets at book value, without recognizing the right to loss of income or their value as going concerns. Nor will it feel it is under any obligation to recognize any decision handed down by any international arbitration court as, with the annulment of the contract, it is to be supposed that the commitment to go to arbitration will also be annulled. This is completely irrational, as the law cannot be retroactive and compliance with international agreements will continue to be compulsory."

So Hugo will probably make us an offer based solely on present book value of the asset without consideration of loss of future profits.

Can somebody quantify this so we know what to expect as his baseline offer?