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Message: Article from El National

Another open letter to Lopez, Capriles, Falcon, Ledezma and Machado

Eduardo Alvarado Semtei
eduardo_semtei
July 6, 2015 - 12:01 am

I hope you have read the letter I wrote to them last week. Now I say: you know better than I that foreign investors were treated like bandits during the past 15 years. Until they labeled them mangy. They smelled of sulfur. Chavez and Maduro told them how much they crave rudeness. And every time you slip the expropriate, confiscate, the trample them taken by companies. Cases there in droves. But investors who know how unstable these Latin American governments have always made allowances for if one of those nonsense that became so frequent and reached its climax in the two governments of red rojito homeland of Bolívar occurs.

Foreign investors to put coppers in Venezuela requested that in case of a dispute with the Venezuelan government were not, or sheath, vernacular courts makers arbitrate or adjudicate natural claims. Musiúes all agreements signed with Venezuela to be the ICSID (International Centre for Settlement of Investment Disputes Foreign) and by its acronym, ICSID (International Centre for Settlement of Investment Disputes), judges to decide disputes. This is a World Bank office.

Venezuela a few years ago, he withdrew from this agreement and consequentially no responsible investor and show any serious interest in investing if there is no security outside Venezuela to assure them adequate when a process of expropriation or forced purchase compensation. Pulling off the ICSID is like telling the international financial world: "Here I am law and expropriated if I pay you whatever I want."

With the follies of these red governments rojito we were sued. Wholesale. We have 23 open cases. We are the most persecuted nation. The last 2 batacazos we got was overrule our appeal of a conviction for 1.600 billion for Exxon-Mobil for expropriations they suffered and sentence as a strong group of arbitrators who judge the claims of about 450 million dollars of Owens Illinois.

The withdrawal of the drawing rights of the International Monetary Fund and the sale of the refinery in Louisiana is not enough to pay such compensation which, incidentally, gives them the right to seize such enterprises in international waters or foreign ports any shipment of crude we have dispatched or any oil bill, money orders, deposits, transfers and you stop counting, until the whole of the sentence, if we refuse to honor the debt.

These decisions of the World Bank, the ICSID in particular are already firm and have no appeal. What then will you López, Capriles, Falcon, Ledezma and Machado with the flood of lawsuits there against us? I tell you, we lose 75% of the complaints that we object ICSID also averaged awarded him 80% of the respondent, and to record, memorize, that the sum of money claimed by the companies that they felt affected arbitrary locations making processes (such as Clorox) or expropriation (as Conoco-Phillips) and confiscation (as Cristalex) splashes 40,000 million.

So if we lose 75% of cases, we have a contingent liability of 30,000 million dollars and if the repair is awarding approximately 80%, our net loss contingent demands in the coming years will reach 24,000 million. Where you go, Lopez, Capriles, Falcon, Ledezma and Machado, to take this monstrous sum now oil have also declined and debt commitments almost sick as I tried to explain last week?

Finally, to their knowledge, and of all Venezuelans, I'll list the demands that we have against and where we are dangling dangerously. Read carefully: 1) We are suing the company for mining issues Highbury International, gold and diamonds. Application filed in 2014. 2) Anglo American PCL for oil affairs. 2014. 3) Values ​​World SL and SL Affairs Consorcio Andino food industry. 2013. 4) Transban Investment Corporation. Transportation industry and vehicles. 2012. 5) Tenaris SA and Talta. Steel industry and briquettes. 2012. 6) Glass Factory CA Los Andes and Owens-Illinois de Venezuela CA Glass industry. 2012. 7) Blue Bank & Trust International Tourism Industry Ltd. 2012. 8) Mining Ltd. Rusoro Mining gold and diamonds. 2012. 9) Valle Verde Sociedad Financiera SL Banking and Finance. 2012. 10) Saint-Gobain Performance Plastics Europe. Plastic industry. 2012. 11) Tenaris SA and Talta. Steelworks and briquettes. 2011. 12) Minerals and Koch Koch Nitrogen. Fertilizer industry. 2011. 13) The Williams Companies. International Holdings BV Wilpro Energy Services. Gas industry. 2011. 14) Crystallex International Corporation. Gold and diamonds. 2011. 15) Longreef Investmente AVV roasting. Coffee industry. 2011. 16) Highbury International Trading Inc. AW and Ramstein Mining gold and diamonds 2010. 17) Flughafen Zurich AG Construction industry. Airports. 2010. 18) Universal Compression International Holdings SLU Oil and Gas. 2010. 19) Investment SRL and Tidewater Tidewater Caribbean. Marine transportation. 2010. 20) Holcim Limited. Holderfin Caricement BV and BV Cement industry. 2009. 21) Conoco Phillips Petrozuata. Conoco Phillips and Conoco Phillips BV Hammock Gulf of Paria BV Gas and oil. 2008/2007. 22) Venezuela Oil & Gas Holding BV. 2007. 23) Vestey Group Ltd. Pharmaceutical industry. 2006.

As you will see we are sued for all industries. And with little chance of winning. Chavez abuses were brazen. So I ask again: Lopez, Capriles, Falcon, Ledezma and Machado, how do we do when this necklace Boccia neck grip we tired?

One last question, and that's it gives arrechera, who is the lawyer who takes these cases where they stick us all the time and which has claimed so far 35 million dollars? Guess guesser. Who will be? Yes sir. The same. Mother in law.

Postscript for judgmental: These two letters were written with the purpose of crudely reflect the Venezuela that we find to get the government and only a great national plan a government of national unity, an all out effort will rescue us from the abyss

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