Venezuela US, S.R.L. (Barbados) ​v. Bolivarian Republic of Venezuela, PCA Case No. 2013-34 

New
Short Name:

Case type:
International Investment Agreement (Investor–State)
Seat of Arbitration:
Investment treaty:
Agreement between the Government of Barbados and the Republic of Venezuela for the Promotion and Protection of Investments
Applicable legal instruments:
Economic sector:
Mining and quarrying, including hydrocarbons (oil and gas)
Outcome:
In Favour of Claimant(s)
Amount of damages:
US $58,870,898
Other remedy:
The Respondent shall pay to the Claimant interest on the amounts awarded. The Respondent shall pay the Claimant EUR 615,056.47 for its costs of the arbitration and US$ 3,215,534.99 for its costs of legal representation, plus simple interest.
See case mapped on Investor-State LawGuide

Available documents

22 Mar 2013
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
John P. Bowman, Jennifer L. Price, King and Spalding
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
26 Jul 2016
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Louis Yves Fortier
Respondent appointee
Respondent appointee:
Marcelo G. Kohen
Chair/President
Chair/President:
Peter Tomka
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Sam Prevatt, Paige von Mehren, Freshfields Bruckhaus Deringer LLP
Respondent's counsel
Osvaldo Cesar Guglielmino, Guillermo Moro, Alejandro Vulejser, Camila Guglielmino Consuegra, Cristian De Fazio, Howard James Foy, Pedro Lins, Guglielmino Derecho Internacional
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
26 Jul 2016
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Louis Yves Fortier
Respondent appointee
Respondent appointee:
Marcelo G. Kohen
Chair/President
Chair/President:
Peter Tomka
Arbitrator(s)
Judges
Claimant's counsel
Mr. John P. Bowman, Ms. Jennifer L. Price, Mr. Louis-Alexis Bret, King and Spalding
Respondent's counsel
Mr. Mark H. O’Donoghue, Prof. Tullio R. Treves, Mr. Renato R. Treves, Mr. Eloy Barbará de Parres, Mr. George Kahale III, Ms. Claudia Frutos-Peterson, Curtis, Mallet-Prevost, Colt & Mosle LLP
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
5 Feb 2021
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Louis Yves Fortier
Respondent appointee
Respondent appointee:
Marcelo G. Kohen
Chair/President
Chair/President:
Peter Tomka
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Sam Prevatt, Paige von Mehren, Freshfields Bruckhaus Deringer LLP
Respondent's counsel
Osvaldo Cesar Guglielmino, Guillermo Moro, Alejandro Vulejser, Camila Guglielmino Consuegra, Cristian De Fazio, Howard James Foy, Pedro Lins, Guglielmino Derecho Internacional
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
5 Feb 2021
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Louis Yves Fortier
Respondent appointee
Respondent appointee:
Marcelo G. Kohen
Chair/President
Chair/President:
Peter Tomka
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Sam Prevatt, Paige von Mehren, Freshfields Bruckhaus Deringer LLP
Respondent's counsel
Osvaldo Cesar Guglielmino, Guillermo Moro, Alejandro Vulejser, Camila Guglielmino Consuegra, Cristian De Fazio, Howard James Foy, Pedro Lins, Guglielmino Derecho Internacional
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
4 Nov 2022
Case Profile:
/ Participants Details
Claimant appointee
Claimant appointee:
Louis Yves Fortier
Respondent appointee
Respondent appointee:
Marcelo G. Kohen
Chair/President
Chair/President:
Peter Tomka
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Sam Prevatt, Paige von Mehren, Freshfields Bruckhaus Deringer LLP
Respondent's counsel
Osvaldo Cesar Guglielmino, Guillermo Moro, Alejandro Vulejser, Camila Guglielmino Consuegra, Cristian De Fazio, Howard James Foy, Pedro Lins, Guglielmino Derecho Internacional
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
27 Dec 2022
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
27 Dec 2022
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
21 Mar 2023
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
21 Mar 2023
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
29 Jun 2023
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
6 Jul 2023
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
30 Nov 2023
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
8 Dec 2023
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Eloy G. Barbará de Parres, Curtis Mallet-Prevost Colt & Mosle LLP
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
11 Dec 2023
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Joseph D. Pizzurro, Juan O. Perla, Sylvi Sareva, Eloy G. Barbará de Parres, Curtis Mallet-Prevost Colt & Mosle LLP
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
5 Jan 2024
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Joseph D. Pizzurro, Juan O. Perla, Sylvi Sareva, Eloy G. Barbará de Parres, Curtis Mallet-Prevost Colt & Mosle LLP
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
5 Jan 2024
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Elliot Friedman, Paige von Mehren, Freshfields Bruckhaus Deringer US LLP
Respondent's counsel
Joseph D. Pizzurro, Juan O. Perla, Sylvi Sareva, Eloy G. Barbará de Parres, Curtis Mallet-Prevost Colt & Mosle LLP
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Print reporter
28 Oct 2025
Case Profile:
/ Participants Details
Claimant appointee
Respondent appointee
Chair/President
Arbitrator(s)
Judges
Claimant's counsel
Respondent's counsel
Other counsel
Entities (Firms/Institutions)
[field_entities]
Claimant's expert
Respondent's expert
Claimant's witness
[field_claimant_s_witness]
Respondent's witness
[field_respondent_s_witness]
Other witnesses
[field_other_witnesses]
Tribunal secretary
Tribunal assistant
Annulment Committee president
Annulment Committee members
WTO members
[field_wto_appellate_body_memb]
WTO chair
[field_wto_appellate_body_chai]
Country
Country in which this occurs:
Netherlands
Print reporter