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The Straight Story

(48,121 posts)
Sun Jan 8, 2012, 02:51 PM Jan 2012

Venezuela will not recognize World Bank ruling in Exxon case [View all]

Venezuela will not recognize World Bank ruling in Exxon case

CARACAS | Sun Jan 8, 2012 2:18pm EST

(Reuters) - Venezuelan President Hugo Chavez said on Sunday that his country would not recognize a ruling by a World Bank tribunal in a multibillion-dollar arbitration case with Exxon Mobil Corp (XOM.N).

"I tell you: we will not recognize any decision," Chavez said during a televised speech.

http://www.reuters.com/article/2012/01/08/us-venezuela-exxonmobil-chavez-idUSTRE8070KY20120108

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