2017
Air Canada v. Venezuela Air Canada v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/17/1)
Venezuela, Bolivarian Republic of
Canada
Investment in air transportation services.
Claims arising out of the Government’s alleged failure to approve the claimant’s requests to convert its Bolivar-denominated returns into U.S. dollars for repatriation.
Tertiary: H - Transportation and storage
51 - Air transport
ICSID AF (ICSID Additional Facility)
ICSID (International Centre for Settlement of Investment Disputes)
Tercier, P.
Poncet, C.
Villanúa Gómez, D.
Decided in favour of investor
213.10 mln USD
20.80 mln USD
Direct expropriation

Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Transfer of funds
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Transfer of funds
None