Se anexa laudo publicado hoy por CIADI en el caso Conoco vs. Venezuela.
Este es mi comentario personal (en inglés), muy preliminar:
ICSID published the full text of the decision today (in English and Spanish). The award is relatively concise for some standards (about 150 pages, in the Spanish version); but it is nuanced and the case is complex.
At a first, very superficial glance, I respectfully see the press release from the claimants as too broad and "optimistic."
For instance, claims based on article 3 of the Venezuela-Netherlands BIT (FET, etc.) and the 1999 Venezuelan Investment Protection Law were all dismissed. And, in finding a breach of article 6(c) (non expropriation), the tribunal stated that Venezuela violated the <<duty to negotiate compensation in good faith>> (sic), but that, for instance, changes in hydrocarbon royalties did not breach article 6.
Of course, we will need more time to digest and better understand the award.
Conoco's press release in copied below: