tommy271
Forumer storico
Riassuntino sullo stato dell'arte:
Venezuela?s Bondholder Default Anxieties Ease With Citgo - Businessweek
Venezuela?s Bondholder Default Anxieties Ease With Citgo - Businessweek
Titoli di Stato paesi-emergenti VENEZUELA e Petroleos de Venezuela - Cap. 1 (11 lettori)
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tommy271
Forumer storico
Venezuela-Exxon arbitration ruling due this week - sources
HOUSTON, Sept 30 Tue Sep 30, 2014 11:39am EDT
(Reuters) - The World Bank arbitration tribunal will give its final ruling this week on a multi-billion dollar claim by Exxon Mobil Corp against Venezuela over a 2007 nationalization, legal sources said on Tuesday.
"The final ruling will be delivered to the parties on Thursday, October 2, according to a notification they received last week," one of the sources told Reuters.
(Reporting by Marianna Parraga; Writing by Andrew Cawthorne; Editing by Chizu Nomiyama)
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Molto importante ...
HOUSTON, Sept 30 Tue Sep 30, 2014 11:39am EDT
(Reuters) - The World Bank arbitration tribunal will give its final ruling this week on a multi-billion dollar claim by Exxon Mobil Corp against Venezuela over a 2007 nationalization, legal sources said on Tuesday.
"The final ruling will be delivered to the parties on Thursday, October 2, according to a notification they received last week," one of the sources told Reuters.
(Reporting by Marianna Parraga; Writing by Andrew Cawthorne; Editing by Chizu Nomiyama)
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Molto importante ...
Myskin
Forumer stoico
ieri ho letto che le sentenze erano appellabili e che quindi in realtà i pagamenti, se ci saranno, avverranno fra anni
comunque la sentenza darà una certa direzionalità ai nostri soberanos
fabriziof
Forumer storico
ieri ho letto che le sentenze erano appellabili e che quindi in realtà i pagamenti, se ci saranno, avverranno fra anni
comunque la sentenza darà una certa direzionalità ai nostri soberanos
Non sono appellabili ,sono invalidabili
Myskin
Forumer stoico
qui c'è scritto diversamente
CARACAS/HOUSTON, Sept 24 (Reuters) - Venezuelan state-run oil company PDVSA's rushed move to sell units raises questions whether Venezuela wants to reduce international exposure to avoid potential asset grabs in the event companies win arbitration cases against the country.
Latin America's leading crude producer is seeking to sell its major U.S refining unit Citgo Petroleum Corp, as well as stakes in the Hovensa refinery in the U.S. Virgin Islands, the Chalmette refinery in Louisiana, and a network of refineries in Sweden, England and Scotland.
The socialist government has shrouded the potential deals in secrecy, leaving analysts and industry players scrambling to piece together a rationale for the surprise divestment.
Most say the overarching reason behind the potential sales is a pressing need for liquidity in cash-strapped PDVSA and the government, which is looking to shore up its coffers ahead of key bond payments amid a declining economy.
But industry experts also point out PDVSA may be keen to reduce its international exposure ahead of ExxonMobil Corp and ConocoPhillips arbitration decisions due in coming months.
The companies are seeking compensation after their projects were taken over under late President Hugo Chavez, who led a wave of nationalizations that included the oil, electricity and steel industries.
While Venezuela has sworn it would pay if served a negative award, market fears have grown as PDVSA may be preparing for its biggest pullback ever from the U.S. refinery market as the country's financial crisis worsens.
"The government would likely struggle to pay those (arbitration) awards in cash, given limited resources, and will probably look instead to settle any rulings with bonds or oil assets," consultancy Eurasia Group said in a note. "However, the government is likely looking to reduce its vulnerabilities in the event that claimants are unwilling to accept alternative sources of compensation."
Enforcing complicated arbitration decisions would likely take years given the appeals process.
Still, the more than 20 companies that have brought Venezuela to arbitration over nationalizations are comforted by the thought that its international assets could theoretically be seized in the event the country is unwilling to comply.
"The companies that have arbitrations against Venezuela have always seen the CITGO assets as a guarantee should a hypothetical award need to be forcefully executed," said Carlos Bellorin, petroleum analyst at IHS.
Less exposure also reduces the need to foster positive diplomatic and commercial relations with the United States, which are already dwindling.
Asia overtook North America last year as the main destination for Venezuelan exports of crude oil and processed fuels. PDVSA, once the top supplier of foreign oil to the U.S., has slipped to No. 4 as surging North American output cuts demand for imports.
PDVSA did not respond to request for comments.
tommy271
Forumer storico
Ci vorrebbe un legale: per quanto ne so, la sentenza è esecutiva. Non può essere rivista, ma può essere invalidata entro "X" tempo.
Spero di non aver detto castronerie ...
.fabriziof
Forumer storico
Ci vorrebbe un legale: per quanto ne so, la sentenza è esecutiva. Non può essere rivista, ma può essere invalidata entro "X" tempo.
Spero di non aver detto castronerie ...
Così ho capito anch'io.
Myskin
Forumer stoico
Ci vorrebbe un legale: per quanto ne so, la sentenza è esecutiva. Non può essere rivista, ma può essere invalidata entro "X" tempo.
Spero di non aver detto castronerie ...
ha controllato presso l'icc che recita
"The result is absolutely final, subject only to a request to set aside the award due to procedural irregularities such as an unfair procedure or arbitrator lack of independence"
mi sa che la giornalista di reuters ha preso fischi per fiaschi
il regolamento di arbitrato c'è pure in lingua italiana
Il lodo è vincolante per le parti. La sottoposizione
della controversia al Regolamento comporta per le
parti l’impegno a dare prontamente esecuzione al
lodo e la presunzione che esse abbiano rinunciato a
tutti i mezzi di impugnazione cui possono
validamente rinunciare.
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il punto che ci interessa
Ultima modifica:
fabriziof
Forumer storico
In pratica però é vero che qualche tempo prima che diventi esecutiva dovrà passare
- Stato