In “The Venezuela Dispute Resolution Conundrum,” Marc J. Goldstein examines the complex legal and political risks facing energy and mining companies considering new investments in Venezuela. He focuses on OFAC’s June 2026 General Licenses, which require contracts to be governed by the laws of a U.S. jurisdiction and related dispute resolution proceedings to occur in the United States, United Kingdom, France, or Singapore.
The commentary explores how political instability, future governmental transitions, bilateral investment treaties, potential economic-duress claims, and questions surrounding Venezuela’s state-owned entities could affect the validity, performance, and enforcement of new agreements. Goldstein underscores why carefully structured arbitration provisions will be essential to managing the considerable uncertainty surrounding investment in Venezuela.
*Republished with permission from arbblog.lexmarc.us.
*The views expressed are those of the author(s) and do not necessarily reflect the views of CCA or any other organization.
