Re: No appeal is possible under ICSID rules
in response to
by
posted on
May 13, 2012 03:19PM
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
That is correct, no appeal is possible under the ICSID Additional Facility Rules.
Moreover, the ever present jurisdiction "issue" always raised by Venezuela and now just tossed into the body of arbitration cases is a canard: Article XII, ยง 5 of the Canada - Venezuela BIT states, "Each Contracting Party hereby gives its unconditional consent to the submission of a dispute to international arbitration in accordance with the provisions of this Article." My added emphasis.