Two more Venezuela arbitrations

Messi gets nervous as Venezuela closes in. (Click for original!)

Nova Scotia, which long ago took Venezuela to arbitration for ending shipments of Orimulsion fuel, has opened a new proceeding at the International Centre for the Settlement of Investment Disputes (ICSID), according to the organization’s website.

Crystallex International Corp. says today that it filed a case at ICSID over the loss of its contract to mine gold at the Las Cristinas deposit in Bolivar state.

Once Crystallex gets up on the website, that will be 15 “pending” cases against Venezuela, including a couple where the arbitration is on hold. Argentina continues to kick royal tush, with 27.

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