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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: Re: The State has immunity before foreign courts

can you say "EMBARGO" or "COUP" or "SEIZED ASSETS"...imo, hugo's gone before 2012....

The sentences, according to the high court, indicate that in the case of investment arbitrations or the approval of any other mechanism that supposes the submission to an international jurisdiction - as the Penal Court the International, Cuts Inter-American of Human rights, subregional Courts like the Andean Court, centers of arbitration, conciliations, among others, “its validity and effectiveness requires, not only of the manifestation of will of the President of the Republic, but besides an approving law of the treaty on the part of the National Assembly”.

It stresses the possibility that the Republic, in carrying out its sovereignty and self-determination, can denounce an international treaty that considers harmful to its interests.

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