Tenaris wins $137m verdict against Venezuela on plants' expropriation

Tenaris and its wholly-owned subsidiary Talta have won a $137 million arbitration judgment against the Venezuelan government over the expropriation of Tavsa and Comsigua.

The International Centre for the Settlement of Investment Disputes (ICSID) ruled that “Venezuela had expropriated Tenaris investments in Tavsa and Comsigua in violation of the bilateral investment treaties entered into by Venezuela with...

Published

Ana Paula Camargo

December 14, 2016

13:42 GMT

São Paulo