Venezuela's request to review a $46
million compensation claim it has been ordered to pay to oil service company
Tidewater was rejected and the stay on the award's execution lifted, a World
Bank tribunal said in a decision posted on its website on Wednesday. The South
American OPEC country had sought a revision "based on what it describes as
an error in the tribunal's damages calculation," an International Center
for Settlement of Investment Disputes' (ICSID) tribunal said in its decision.
More… 
Thursday, July 9, 2015
Venezuela bid to review $46 mln Tidewater award rejected
Venezuela's request to review a $46
million compensation claim it has been ordered to pay to oil service company
Tidewater was rejected and the stay on the award's execution lifted, a World
Bank tribunal said in a decision posted on its website on Wednesday. The South
American OPEC country had sought a revision "based on what it describes as
an error in the tribunal's damages calculation," an International Center
for Settlement of Investment Disputes' (ICSID) tribunal said in its decision.
More… 
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