Koch Minerals v. Venezuela Koch Minerals Sàrl and Koch Nitrogen International Sàrl v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/11/19)
Venezuela, Bolivarian Republic of
Minority shareholding in a Venezuelan fertilizer company.
Claims arising out of the Government's nationalization of Koch Mineral’s interest in Fertilizantes Nitrogenados de Venezuela (FertiNitro), a nitrogen-based fertilizer producer, Koch Nitrogen's alleged loss of rights under an associated long-term agreement for the purchase of ammonia and urea produced at the Fertinitro plant, and certain laws and regulations in effect prior to the nationalization.
Secondary: C - Manufacturing
20 - Manufacture of chemicals and chemical products
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Veeder, V. V.
Lalonde, M.
Feliciano, F. P. (replaced)
Douglas, Z.
Decided in favour of investor
672.40 mln USD
325.10 mln USD
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

National treatment

Umbrella clause

Indirect expropriation
Indirect expropriation
ICSID annulment proceedings
ICSID annulment proceedings
Award/decision upheld
Decision on Annulment dated 24 May 2022
Hascher, D. (President)

Argueta Pinto, M. (Member)

Hanefeld, I. (Member)