ICSID tribunal considers whether expropriation lawful and appropriate measure of compensation | Practical Law

ICSID tribunal considers whether expropriation lawful and appropriate measure of compensation | Practical Law

In Tidewater v Venezuela (ICSID Case No ARB/10/5), an ICSID tribunal considered whether the takeover by the Venezuelan government of a marine transportation business amounted to lawful or unlawful expropriation, and the proper measure of compensation to be paid.

ICSID tribunal considers whether expropriation lawful and appropriate measure of compensation

Practical Law UK Legal Update Case Report 8-605-8585 (Approx. 7 pages)

ICSID tribunal considers whether expropriation lawful and appropriate measure of compensation

by Aaron McDonald (Associate), Herbert Smith Freehills LLP
Published on 24 Mar 2015 • International
In Tidewater v Venezuela (ICSID Case No ARB/10/5), an ICSID tribunal considered whether the takeover by the Venezuelan government of a marine transportation business amounted to lawful or unlawful expropriation, and the proper measure of compensation to be paid.