Venezuela arbitration watch: Saint-Gobain Performance Plastics

I have never heard of this “Bolivian Republic of Venezuela” defendant, but maybe they mean Bolivarian. Anyway, Saint-Gobain is the parent company of NorPro, which made proppants — little ceramic balls — at a factory in Venezuela that got nationalized on a rainy night in 2010. And now there’s a new case called “Saint-Gobain Performance Plastics Europe v. Bolivian Republic of Venezuela” and you can see it on the ICSID website if you so please. And you owe me one, cause those direct links to ICSID pages aren’t easy to come by.

Venezuela now has 21 officially pending cases at ICSID, rapidly closing in on leader Argentina, which has 25. Noel Maurer wrote the other day about Argentina and Icsid and if you care about these things you’ll like his article.

3 thoughts on “Venezuela arbitration watch: Saint-Gobain Performance Plastics

  1. Mistertibs

    You should add that Venezuela denunced the ICSID convention five months ago. So this may be the last case opened. It takes 6 months to get out of the ICSID convention.

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