Welcome to the Crystallex HUB on AGORACOM

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

Free
Message: Re: Exxon Wins $749M for Nationalized Venezuela / Paying only $255-million

I'm not sure this judgement should be viewed as a loss for Exxon. The ICC case pertained specifically to PDVSA's contractual obligation to indemnify Exxon from state expropriations. I don't know if it included "lost profits". Exxon's ICSID case is against the VZ gov't, not PDVSA.

See http://www.businessweek.com/news/2012-01-03/exxon-s-pursuit-of-venezuelan-cash-not-over-yet-after-ruling.html

Share
New Message
Please login to post a reply