We predicted this summer that the Occidental v. Ecuador $2 billion record for largest investment arbitration award would not last long. The only question after this month's liability award in Conoco v. Venezuela is whether ConocoPhillips matches that record, or breaks it eight times over. Our projection is toward the upper end.
THE GLOBAL LAWYER
Conoco May Have Hit a Major Gusher
The National Law Journal
September 23, 2013