ICSID, ICSID Arbitration, ICSID Convention, International Court of Justice, Jurisdiction, Jurisdiction of the arbitral tribunal, Venezuela
When the Bell Doesn’t Save You: Favianca and Jurisdiction After ICSID Denunciation
This Post analyzes the recent award in Fábrica de Vidrios Los Andes, C.A. & Owens-Illinois de Venezuela, C.A. v. Bolivarian Republic of Venezuela (“Favianca”). This is the first award to rely on Article 72 of the ICSID Convention to decline jurisdiction over a claim filed after Venezuela had noticed it would denounce the ICSID Convention…