Sentences with phrase «unlawfully expropriating»

The tribunal held that Venezuela breached Articles II (2) and VII (1) of the treaty by failing to accord Crystallex's investments in Venezuela fair and equitable treatment and by unlawfully expropriating those investments The ruling made headlines in Bloomberg, Reuters, Global Arbitration Review, Investment Arbitration Reporter and other news outlets.

On April 4, 2016, a tribunal constituted under the Additional Facility to the World Bank's International Centre for Settlement of Investment Disputes (ICSID) upheld Crystallex's claims that Venezuela failed to accord fair and equitable treatment to the Vancouver - based company's investment in the Las Cristinas mining project and unlawfully expropriated the company's investments without compensation.

In 2006 Ecuador unlawfully expropriated Occidental's interests in Block 15 in the Ecuadorian Amazon region by declaring the caducidad of its participation contract.

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