The legal decision favorable to the Venezuelan oil company PDVSA in a dispute with Exxon Mobil as reflected today outstanding element in obtaining rights standards other than the country Industry experts said.
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For the former secretary general of the Organization of Petroleum Exporting Countries (OPEC) Alvaro Silva, the opinion of the British courts is of great importance because they succeeded in another's field.
It general, he said, the multinationals seeking to challenge the jurisdiction of the authorities of each nation and come with their arguments in international arbitration mechanisms.
On this occasion, said the specialist, Petroleos de Venezuela (PDVSA) presented their defense in an institution outside the nation for the purposes of Exxon Mobil to achieve the freeze of assets of about 12 billion dollars.
In such a scenario, based on standards other than the Venezuelan law, the corporation stated its position so convincingly that led to an opinion consistent with the sovereign aspirations, added Silva.
In this regard, said the British court's decision was sound and clear, which excludes the possibility of other interpretations.
Now the case will be discussed under the proposed arbitration, without any pressure and looking for compensation according to the actual operations performed at the former Exxon Mobil Cerro Project Black (current Petromonagas).
However, the U.S. company must respond in damages to PDVSA and the country in the field of demand, which was reflected in legal fees, damages to the price of Venezuelan bonds and various financial indicators.
xxi century socialism copa america RCTV Venezuela Venezuela
hugo chavez politics politics blog posts means Blogalaxia photos youtube left
13deabril Bolivarian revolution chavez videos participation Iraq missions non-bush
It general, he said, the multinationals seeking to challenge the jurisdiction of the authorities of each nation and come with their arguments in international arbitration mechanisms.
On this occasion, said the specialist, Petroleos de Venezuela (PDVSA) presented their defense in an institution outside the nation for the purposes of Exxon Mobil to achieve the freeze of assets of about 12 billion dollars.
In such a scenario, based on standards other than the Venezuelan law, the corporation stated its position so convincingly that led to an opinion consistent with the sovereign aspirations, added Silva.
In this regard, said the British court's decision was sound and clear, which excludes the possibility of other interpretations.
Now the case will be discussed under the proposed arbitration, without any pressure and looking for compensation according to the actual operations performed at the former Exxon Mobil Cerro Project Black (current Petromonagas).
However, the U.S. company must respond in damages to PDVSA and the country in the field of demand, which was reflected in legal fees, damages to the price of Venezuelan bonds and various financial indicators.
xxi century socialism copa america RCTV Venezuela Venezuela
hugo chavez politics politics blog posts means Blogalaxia photos youtube left 13deabril Bolivarian revolution chavez videos participation Iraq missions non-bush
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