PDVSA-Exxon arbitration continues

PDVSA says they won a round in the jurisdiction hearing at ICSID arbitration panel where Exxon is suing for billions of dollars over an expropriation. So far it doesn’t mean much, but in case you’re obsessed, here’s Reuters’ take. The real case has yet to be heard, and the decision remains at least a year off. It’s Friday, go watch the World Cup reruns.