Tag: Trinidad
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High Court of Trinidad and Tobago Upholds ConocoPhillips’ Arbitration Claim Against Venezuela
The High Court of Trinidad and Tobago has upheld the decision to recognize ConocoPhillips’ arbitration claim against Venezuela. This development could potentially freeze the state’s payments to Caracas on joint gas projects. In late May, an initial court ruling allowed ConocoPhillips to enforce a $1.33 billion claim against Venezuela in Trinidad. This ruling enables ConocoPhillips…
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