Investment Arbitration · Venezuela · 2026
Venezuela and ICSID: the cost of staying out
What investors — and Venezuela — lose without access to the world's leading investment arbitration forum
Without ICSID or BIT (today)
With ICSID + BIT with the U.S.
Dispute resolution
Only domestic courts of the host State
Neutral and predictable international arbitration
Protection against expropriation
No treaty-based guarantees
Minimum standard of treatment and fair compensation
Capital transfers
No guarantee of free transfer
Free transfer of capital secured
Regional standing
1 of only 2 countries outside the Convention (167 members)
Real competition with neighboring investment destinations
Market signal
Institutional isolation · Elevated country risk
Legal credibility before the international investor