There are two Latin American nations with over 25 pending investor arbitrations. One has never made any significant payment to settle an investor claim, and refuses to honor three awards it has lost. The other has showered a dozen foreign investors with more than $7.25 billion in settlements over the past five years, including a prompt payment of the one recent award it lost in a case arising out of expropriation.
The first country is Argentina. The second? Venezuela.
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