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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: ICSID settlements

ICSID settlements

posted on Feb 14, 2009 10:37AM

I am not aware of any cash settlements ever being paid by Venezuela to ExxonMobil or Cemex. Please correct me if I'm wrong. The use of a 10 year wait was a hyberole, but maybe not such that big an exaggeration.

As a matter of fact, both Venezuela and Bolivia have threatened to relinquish their membership in the ICSID. What's that say for the settlements?

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