Rusoro Mining Ltd. v. Bolivarian Republic of Venezuela investor-state ICSID arbitration

James Burrows testified on behalf of the Bolivarian Republic of Venezuela in Rusoro v. Venezuela, an ICSID proceeding involving a claim for damages of nearly $3 billion in connection with the expropriation of gold mining assets. The tribunal’s ruling resulted in a damages award much closer to Dr. Burrows’ findings than the findings of the Claimant’s expert.