Saint-Gobain v. Venezuela Saint-Gobain Performance Plastics Europe v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/12/13)
Venezuela, Bolivarian Republic of
Shareholding in a local proppant manufacturing company.
Claims arising out of the Government's issuance of Decree no. 8.133 that expropriated Norpro de Venezuela, a local manufacturer of proppant (a type of material used in hydraulic fracturing of oil and gas wells) in which the claimant had invested.
Secondary: C - Manufacturing
32 - Other manufacturing
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Sachs, K.
Brower, C. N.
Bottini, G.
Decided in favour of investor
115.10 mln USD
29.60 mln USD
Direct expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar
Direct expropriation
ICSID annulment proceedings
ICSID annulment proceedings
Order taking note of the discontinuance of the proceeding pursuant to ICSID Administrative and Financial Regulation 14(3)(d) and (e) dated 15 August 2019
Ramírez Hernández, R. (President)

Boo, L. (Member)

Adekoya, O. (Member)