Re: Exxon vs. Venezuela to go a few more rounds

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jimmijazz

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Re: Exxon vs. Venezuela to go a few more rounds

in response to

Re: Exxon vs. Venezuela to go a few more rounds

EZ Street

posted on Jan 13, 2012 12:44PM

It's really quite simple for the ICSID to collect these funds under the auspices of the World Bank. In actuality, any time funds are put in any account in one of the 157 countries that are signatories to this treaty. Out comes the World Banks hook.........

EZ, from my understanding the World Bank doesn't get involved in collections. I've copied a link to a paper from 2003 done by the UN on dispute settlement that talks about collecting. Page 17 starts the part about enforcement of awards.