Quadrant and ex-Latham Volterra win $455m Chavez nationalisation arbitration
Quadrant Chambers and Volterra Fietta client US bottle maker Owens-Illinois (OI) has been awarded more than $455m (£301m) by the Venezuelan government in a claim following Hugo Chavez’ nationalisation of a bottle plant in 2010. The sum is the fourth-largest ICSID arbitration award ever made public after payouts in the Occidental, Exxon Mobil and CSOB Slovakia […]