Venezuela Arbitration

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 Venezuela Arbitration

Venezuela is a Contracting State to the ICSID Convention:

  • Signature: 18 August 1993
  • Deposit of Ratification: 2 May 1995
  • Entry into Force: 1 June 1995
  • Pursuant to Article 13(1) of the ICSID Convention the Venezuela has made the following panel designations effective until *19 December 2007; **6 March 2008; ***6 August 2009:
    *Mr. José Rafael TINOCO-SMITH: Legal Adviser to the Attorney-General of Venezuela
    *Mr. José Antonio CASTILLO: Judge, Tribunal Superior Agrario y Civil-Bienes del Estado Monagas y Contencios Administrativo de la Región Sur-Oriental
    *Ms. Elizabeth Maria GALLARDO THOMAS: Legal Adviser to the Attorney-General of Venezuela
    *Mr. Carlos Alberto PEÑA DÍAZ: Legal Adviser, Instituto Autónomo de Publicaciones en la Alcaldia del Municipio Libertador; Former Legal Adviser to the Attorney-General of Venezuela
    **Mr. Gustavo ALVAREZ ARIAS: Asesor de la Procuraduría General de la República
    **Dr. Alexis José CRESPO DAZA: Gerente de Litigio, Gerencia General de Litigio de la Procuraduría General de la República
    **Mr. Jesús Eduardo CABRERA ROMERO: Magistrado de la Sala Constitucional del Tribunal Supremo de Justicia
    ***Dr. Omar Enrique GARCÍA-BOLÍVAR: Chair, Inter – American Legal Affairs Committee, Washington, D.C. Bar

Venezuela is a Contracting State to the New York Convention:

  • Date of Accession: 8 February 1995
  • Entry into Force: 9 May 1995
  • Venezuela will only apply the New York Convention to the recognition and enforcement of awards made in the territory of another contracting state & only to differences arising out of legal relationships, whether contractual or not, that are considered commercial under their national law

In 1998, Venezuela enacted legislation based on the UNCITRAL Model Law on International Commercial Arbitration as adopted in 1985 and is therefore now popularly considered to be an UNCITRAL Model Law State

Venezuela is a Contracting State to the 1899 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: 15 June 1907

Venezuela is a not Contracting State to the 1907 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: N/A

Official State Name: Bolivarian Republic of Venezuela - República Bolivariana de Venezuela

Official Language: Spanish

Capital: Caracas

Currency: Bolívar fuerte (VEF)

Time Zone: UTC-4:30

International Calling Code: +58

Internet TLD: .ve

Venezuela

Coming soon.

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