The Gold Reserve award against Venezuela has been published

Venezuela breached the Canada-Venezuela BIT by failing to accord fair and equitable treatment to Gold Reserve‚Äôs investment. Venezuela shall pay USD 713,032,000, plus pre-award interest from April 2008 to September 2014 at US Treasury bills interest rates, compounded annually. Post-award interest shall run at LIBOR plus 2%, compounded annually. Venezuela shall pay USD 5 million in legal costs.

J. Eloy Anzola

J. Eloy Anzola lives in Miami, Florida. He is dedicated to international arbitration.
Learn more about J. Eloy Anzola