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Tuesday, January 24, 2017

Air Canada Targets Venezuela Over 'Blocked' Funds


Air Canada has enlisted the help of the World Bank's arbitral body to resolve a dispute with Venezuela over money in the country that is allegedly owed to the airline, a spokesman confirmed Monday. The International Centre for Settlement of Investment Disputes registered the request for arbitration on Jan. 13 and published the notice Monday. The institution did not provide any details on the nature of the claim, and Air Canada declined further comment, but the airline industry's issues with Venezuela have been publicized in the…. More…

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