Chairman Won’t Disqualify Arbitrators From Venezuela’s Bid To Annul $8.5B Award

Mealey's (September 28, 2022, 1:01 PM EDT) -- WASHINGTON, D.C. — The chairman of the International Centre for Settlement of Investment Disputes (ICSID) Administrative Council on Sept. 27 rejected the Bolivarian Republic of Venezuela’s proposal to disqualify two arbitrators from the committee hearing its application to annul an award for expropriating offshore oil projects based on their exposure to the “deplorable conduct” of the third arbitrator who recently resigned from the proceeding....

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