IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 29 Mar 2011 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On March 29, 2011 the Venezuelan President Hugo Chavez issued Decree No 8.133 on the nationalisation of the bauxite producer Norpro Venezuela C.A., a subsidiary of the American company Norpro and a partner of the French firm Saint-Gobain.
Saint-Gobain brought the case to the International Centre for Settlement of Investment Disputes (ICSID) in 2012.
The decree was published in the Official Gazette of the Bolivarian Republic of Venezuela on March 29, 2011.

AFFECTED COUNTRIES

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