Three Crowns acts as counsel for ExxonMobil in its investor-State arbitration against Venezuela, in which our client is seeking to recover damages for Venezuela’s expropriation of its heavy oil projects in 2007. In 2014, we helped secure an award of approximately $1.6 billion, at the time one of the largest investor-State arbitration awards ever rendered. Following a partial annulment of the Award in 2017, we are now representing our client in one of the most significant resubmission proceedings in the history of ICSID.
23 July 2020