Venezuela: President Hugo Chavez forces foreign investors to settle disputes in Venezuelan courts
Venezuela’s decision to withdraw from the World Bank’s international dispute arbitration scheme is likely to deter foreign investors. It is a huge step backwards and sends out negative messages to foreign companies wanting to invest in Latin America writes GIS guest expert Emilio J. Cardenas, former Ambassador of Argentina to the United Nations.
RAFAEL Ramirez, Venezuela’s oil minister’s announcement that his country is leaving the World Bank’s international arbitration system is a huge step backwards for the global economy and foreign investment.
It means the country will try to settle its numerous investment disputes in Venezuela...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.