Another Venezuela arbitration may yet come

Marketwire carried a statement saying that a certain company with Venezuela interests halted trading Friday afternoon for pending news.

Then, Sunday afternoon, Marketwire carried a second statement, this one from the company.

[The company] is reviewing its position in light of this correspondence and is considering all steps necessary to protect its investment on behalf of all its stakeholders including the filing of the International Arbitration claim outlined in a Notification of Dispute served by the Company on the Venezuelan Government in November 2008.

Just a tip for those keeping track at home. Thanks very much for the heads-up to Otto, who sent this statement from the beach. Which I suppose makes him a Sea Otto, or something.

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