"President Chavez is not going to solve Venezuela's very serious international legal problems with either speeches or even a formal denunciation of the ICSID Convention," Nolan said, noting that those pursuing claims against Venezuela are also able to sue under about 20 investment treaties that Venezuela has signed with other countries.Chavez said Ecuadorean President Rafael Correa "is proposing something that is absolutely necessary, creating an organization in (the regional bloc) Unasur where some differences between governments or businesses in Latin America can be settled."
Chavez: Venezuela Won't Recognize Arbitration Body
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.