Order for Venezuela to pay Exxon $1.4 bln in damages overturned

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CARACAS – A World Bank tribunal’s order for Venezuela to pay $1.4 billion in damages to Exxon Mobil Corp over nationalizations has been annulled, a lawyer for the Venezuelan government said on Thursday. The case at the World Bank’s International Center for Settlement of Investment Disputes is one of many arising from nationalizations during late […]

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Local PSB Bank signs MoU with Chinese State Company GZE

WILLEMSTAD – The Chinese State Company Guangdong Zhenrong Energy (GZE) is willing to use the Curaçao PSB Bank as banker for the money transactions in connection with the operation and modernization of the Isla refinery, which is a one billion project. Recently, the directors of both companies signed a Memorandum […]