Re: Exxon Wins $749M for Nationalized Venezuela Assets
in response to
by
posted on
Jan 01, 2012 10:39AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
from the various articles out there it looks like exxon has a couple arbitrations with different outfits at the same time?? first i've heard of this, leave it to the big boys...
so they get $750mil awarded from ICC. what happens when ICSID rules?? the whole thing seems fishy...
according to ICC website they seem more like a "for profit" dispute resolution type outfit..i wonder if exxon actually settled with venezuela? in the long run i would think 2 judgements would not help...either side could point to the one that works best for them..