CEMEX v. Venezuela CEMEX Caracas Investments B.V. and CEMEX Caracas II Investments B.V. v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/08/15)
Venezuela, Bolivarian Republic of
Indirect ownership interest in the Venezuelan cement production company Cemex Venezuela.
Claims arising out of the Government's 2008 nationalization of foreign-owned cement companies in Venezuela, including the claimants, and disagreements over the amount of compensation owed to CEMEX.
Secondary: C - Manufacturing
23 - Manufacture of other non-metallic mineral products
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Guillaume, G.
von Mehren, R.
Abi-Saab, G.
Order taking note of the discontinuance of the proceeding issued by the Tribunal dated 15 February 2012, pursuant to ICSID Arbitration Rule 43(1)
1200.00 mln USD
600.00 mln USD
Direct expropriation
Not applicable - settled or discontinued before decision on liability