International Arbitration

Venezuela nationalized Las Cristinas in February and
terminated its contract with Crystallex International Corp., a
Canadian gold producer. The Toronto-based company filed an
arbitration claim with the World Bank’s International Centre for
Settlement of Investment Disputes and is seeking as much as $3.8
billion in damages.
“We’ve got the transnational companies out,” Chavez said.
“They can come and sue us wherever they want.”