Procedural Issue Substantive Issue
| Year the case was initiated | 1996 |
| Year the award was rendered | 1998 |
| Country involved | Venezuela |
| Home country of the investor | Netherlands |
| Parties to the dispute | FEDAX N.V. v. Republic of Venezuela (ICSID Case No. ARB/96/3(1) |
| Sector | 3 |
| Type of investment | debt instruments |
| Nature of dispute / claim | |
| Legal instrument | Netherlands-Venezuela BIT |
| Rules / Venues | ICSID |
| Amount sought by investor | US$ 589,950 plus interest |
| Amount awarded / status of dispute | Tribunal has jurisdiction; US$ 598,950 (as principal of the promissory notes) and US$ 161,254.14 (as regular and penal interest) awarded |
| Arbitrators | Francisco Orrego Vicuña (Chair); Meir Heth; Roberts B.Owen |
| Decisions rendered | Decision on Jurisdiction issued on 11 July 1997;
Award issued on 9 March 1998 |
| Status | awarded in favor of the investor |
| Links | http://ita.law.uvic.ca/documents/Fedax-1997-Last.pdf http://ita.law.uvic.ca/documents/Fedax-1998-Last.pdf |
| Commentary (if any) | |
| Special features |