Venezuela Fined For Nationalizing Their Own Oil. This Is What The TPPA Will Do To New Zealand

On Thursday 9 October, a three-member arbitration panel for the conveniently Washington-based International Centre For Settlement of Investment Disputes (ICSID) ordered South American country to pay $1.5 billion to oil giant Exxon for the 2007 expropriation of assets.  Not only has the ICSDID awarded this fine but Venezuela is battling another 20 or so similar […]