Venezuela faces arbitral annulment bid in trust case

A Barbadian trust manager has applied to annul an International Centre for Settlement of Investment Disputes (ICSID) award rejecting its US$400 million claim against Venezuela - arguing that the tribunal erred when it concluded that a trustee lacked jurisdiction to bring a claim.

Colombia faces arbitration claim over sunken treasure

A US salvage company has filed a request for arbitration with Colombia as part of a long fight for a share of treasure in the wreck of a Spanish galleon, the San José, which sunk off the country's coast over 300 years ago.

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