Enforcement of arbitration awards: disclosure and interest

In Gold Reserve Inc v Bolivarian Republic of Venezuela [2016] EWHC 153 (Comm) the claimant obtained an ICSID investment arbitration award and sought to enforce it in England. It is clear from the judgment of Teare J that where state immunity issues arise under the award, that should be disclosed to the court so that – where necessary – orders can be made to secure the retention of state immunity should the award be challenged on both that and other grounds.

Gold Reserve Inc : the facts