ICSID case ARB/12/23 (Annulment decision)
ICSID · Investment (ICSID and treaty) · International (investor-state)
Why it matters
Tenaris S.A. and Talta - Trading e Marketing Sociedade Unipessoal Lda. v. Bolivarian Republic of Venezuela, an investment-treaty arbitration administered by ICSID (case no. ARB/12/23), in which a foreign investor brought claims against a state under an investment treaty. In the outcome, the tribunal rendered its award. For a student, it is a worked example of investor-state dispute settlement: how an ICSID tribunal weighs a state's right to regulate against the treaty protections owed to foreign investors.
Summary
Tenaris S.A. and Talta - Trading e Marketing Sociedade Unipessoal Lda. v. Bolivarian Republic of Venezuela: an ICSID annulment decision (ARB/12/23). In the outcome, the tribunal rendered its award. The tribunal's full reasoning is set out in the original.
The detail
Parties: Tenaris S.A. and Talta - Trading e Marketing Sociedade Unipessoal Lda. v. Bolivarian Republic of Venezuela
Case number: ICSID Case No. ARB/12/23
Outcome: Annulment decision in case ARB/12/23. See the original for the disposition and any quantum.
Applicable law: ICSID Convention and Arbitration Rules; the applicable investment treaty.
Issues in play: A foreign investor's treaty protections against a sovereign state's right to regulate.
Read the full decision at ICSID case database ↗
Locus Standi links to the source decision and publishes its own plain-language summary. It does not reproduce the text of the award.