Venezuela US, S.R.L. (Barbados) v. The Bolivarian Republic of Venezuela

The PCA provided administrative support in the arbitration initiated by Venezuela US, S.R.L. (a Barbados company) against The Bolivarian Republic of Venezuela under the Agreement between the Government of Barbados and the Republic of Venezuela for the Promotion and Protection of Investments. The arbitration was conducted under the UNCITRAL Arbitration Rules 1976 and concerned the Claimant’s investments in the Venezuelan oil and gas sector. 

Case information

Name(s) of Claimant(s) Venezuela US, S.R.L. (Barbados) (Private entity )
Name(s) of Respondent(s) The Bolivarian Republic of Venezuela (State)
Names of Parties -
Case number 2013-34
Administering institution Permanent Court of Arbitration (PCA)
Case status Concluded
Type of case Investment arbitration
Subject matter or economic sector Oil and gas
Procedural rules UNCITRAL Arbitration Rules 1976
Treaty or contract under which proceedings were commenced

Bilateral treaty
Agreement between the Government of Barbados and the Republic of Venezuela for the Promotion and Protection of Investments
Country A: Barbados
Country B: Venezuela

Language of Proceeding English
Seat of Arbitration (by Country) Netherlands
Arbitrator(s), Conciliator(s), Other Neutral(s)

H.E. Judge Peter Tomka (Presiding Arbitrator)

The Honourable L. Yves Fortier PC CC OQ QC

Professor Marcelo G. Kohen

Representatives of the Claimant(s)

Mr. Elliot Friedman
Mr. Sam Prevatt
Ms. Paige von Mehren


Representatives of the Respondent(s)

Osvaldo César Guglielmino
Guillermo Moro
Alejandro Vulejser
Camila Guglielmino Consuegra
Cristian De Fazio
Howard James Foy
Pedro Lins



Representatives of the Parties
Number of Arbitrators in case 3
Date of commencement of proceeding 22 March 2013
Date of issue of final award 04 November 2022
Length of Proceedings More than 4 years
Additional notes -


Award or other decision
Interim Award on Jurisdiction
Dissenting Opinion of Professor Marcelo G. Kohen
Laudo Interino sobre Jurisdicción
Opinión Disidente del Profesor Marcelo G. Kohen
Partial Award (Jurisdiction & Liability)
Laudo Parcial (Jurisdicción & Responsabilidad)
Declaration of Prof. M. Kohen
Declaración del Prof. M. Kohen
Final Award (Quantum)
Laudo Final (Quantum)