Annulment, Enforcement, Investor-State arbitration, Public Policy, Swiss Private International Law Act, Switzerland
The End of a Saga: Swiss Federal Supreme Court Upholds Clorox v. Venezuela Final Award
On 26 April 2024, the Swiss Federal Supreme Court (“SFSC”) rendered decision 4A_486/2023, upholding the unpublished Final Award in Clorox Spain S.L. v. Bolivarian Republic of Venezuela (“Clorox v. Venezuela”) (PCA Case No. 2015-30). In the underlying investment treaty arbitration, Clorox sought compensation for the alleged expropriation and unfair treatment of its investment by Venezuela,…