Venezuela defeats car importer's claim

The claimant was an importer of BMW and Mini automobiles

The claimant was an importer of BMW and Mini automobiles (Credit: Aurimas/Flickr)

A tribunal has ruled that a US$100 million claim against Venezuela brought by an investor in a BMW and Mini Cooper import business was not barred by the state’s denunciation of an International Centre for Settlement of Investor Disputes (ICSID) Convention – but ultimately declined to hear it on other grounds.

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