Banreal Holding, S.L. (España) c. República Bolivariana de Venezuela
Permanent Court of Arbitration · Interstate and investor-state (PCA) · International · 2023
Why it matters
Banreal Holding, S.L. (Private entity ) v. Bolivarian Republic of Venezuela, an investor-state arbitration, in which an investor brought claims against a state, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the Banreal Holding, S.L. c. República Bolivariana de Venezuela. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.
Summary
Banreal Holding, S.L. (Private entity ) v. Bolivarian Republic of Venezuela, an investor-state arbitration, in which an investor brought claims against a state, administered by the Permanent Court of Arbitration in The Hague. The matter is known as the Banreal Holding, S.L. c. República Bolivariana de Venezuela. For a student, the PCA is the oldest institution for resolving international disputes, and its cases range from boundary and treaty disputes between states to investor-state and commercial arbitrations. This is a worked example of how international arbitration operates above the level of any single national court.
The detail
Parties: Banreal Holding, S.L. (Private entity ) v. Bolivarian Republic of Venezuela
Case number: 2023-32
Outcome: Status: Pending
Applicable law: The applicable treaty, contract or arbitration rules; see the original.
Issues in play: Public international law / investment law
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