Which arbitration tribunals issued the awards against Venezuela and where are those rulings published?

Checked on December 18, 2025
Disclaimer: Factually can make mistakes. Please verify important information or breaking news. Learn more.

This fact-check may be outdated. Consider refreshing it to get the most current information.

Executive summary

A wide array of international and domestic arbitral bodies — from historic ad hoc tribunals convened in Paris to contemporary ICSID, ICC and UNCITRAL tribunals — have issued awards against the Bolivarian Republic of Venezuela; those awards are published across institutional repositories, specialist databases and collected volumes such as the United Nations Reports of International Arbitral Awards, while press and trade outlets track recognition and enforcement proceedings [1] [2] [3] [4]. Accessibility varies: some awards are formally published by the administering institution (ICSID/ICC), many decisions and awards are available via commercial services and law journals (Global Arbitration Review, Jus Mundi) and historic rulings are compiled in the UN RIAA volumes [3] [5] [6] [4].

1. The key tribunals that issued awards against Venezuela: ICSID, ICC and UNCITRAL

Most high‑value modern investor‑state awards against Venezuela were issued by tribunals seated under the International Centre for Settlement of Investment Disputes (ICSID), by arbitral panels constituted under the International Chamber of Commerce (ICC) for contractual claims, and by ad hoc UNCITRAL tribunals applying the UNCITRAL Rules for treaty and commercial disputes; major examples include an ICSID tribunal ordering roughly US$8.7–9 billion to ConocoPhillips for expropriation and an ICC tribunal awarding ConocoPhillips about US$2 billion against PDVSA for contractual breaches [2] [3] [7].

2. Older, foundational awards: the Paris Arbitral Award and Hague arbitrations

Territorial and inter‑state arbitrations involving Venezuela date back to the 19th and early 20th centuries — most notably the Paris Arbitral Award of 3 October 1899 and subsequent Hague‑convened arbitration reports — which are recorded and analyzed in historical compilations such as the UN Reports of International Arbitral Awards (RIAA) and secondary accounts [1] [4]. These older awards are part of the public archival record and are reproduced in RIAA volumes and national diplomatic records rather than in modern commercial legal databases [4].

3. Where the rulings are published: institutional websites and compiled collections

ICSID awards and related annulment committee decisions are typically published on the World Bank/ICSID website and summarized in specialist reporting (Global Arbitration Review) and law journals; ICC tribunal awards are centrally administered by the ICC but the full texts are often confidential and instead parties or the ICC publish press releases or redacted awards, while UNCITRAL awards are published where the tribunal or parties consent or via repositories like ITALAW or commercial services such as Jus Mundi [3] [2] [8] [6]. Historical decisions, including early Hague and Paris arbitrations, are reproduced in the UN RIAA collection [4].

4. How commercial and academic sources reproduce and analyze those awards

Specialist outlets and databases — Global Arbitration Review, Jus Mundi, ITALAW, academic papers and law‑firm briefs — compile award texts, summaries, and enforcement filings, and provide the practical pathway for researchers to locate awards and subsequent court recognition or enforcement decisions; for example, GAR and ITALAW report on ICSID and ICC awards and enforcement litigation, while Jus Mundi aggregates procedural and domestic litigation context [3] [8] [6]. Academic analyses and working papers (Stanford, TDM Journal) synthesize tribunal holdings and discuss themes like expropriation risk, frequently citing the original awards or institutional summaries [7] [9].

5. Publication limits, confidentiality and enforcement‑related reporting

Not all awards are publicly available in full text — ICC awards in particular are commonly confidential unless parties agree to publication — and publication practices differ by administering institution and by the parties’ consent, which explains why some reporting relies on press releases, enforcement court filings or secondary summaries rather than full award texts [2] [3]. Practical enforcement steps and judicial recognition of awards against Venezuelan assets are tracked in national court records and specialist reporting because enforcement often occurs through domestic courts (e.g., Portugal, the US, Trinidad and Tobago), a process covered by GAR and by enforcement filings published on repositories like ITALAW and in legal press [5] [3] [8].

Want to dive deeper?
Which specific ICSID cases against Venezuela are published on the ICSID website and where to find their full texts?
How have courts in the US, Portugal and Trinidad and Tobago treated enforcement applications for arbitral awards against Venezuela?
Which ConocoPhillips and ExxonMobil awards against Venezuela are public and what repositories host their full awards or redacted texts?