ICSID creditor targets Venezuelan “alter egos”

Two months after its US$1.37 billion award at the International Centre for Settlement of Investment Disputes (ICSID) against Venezuela was confirmed in the US, Canadian mining company Rusoro has asked a Texas court to help enforce against the country’s national oil and gas company PDVSA and other “alter egos” of the state which it accuses of fraudulently transferring assets abroad to escape the reach of arbitral creditors.

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