Thursday, February 28, 2008
Exxon is looking to establish a legal precedent that would not only have impact in dealings with Venezuela
Petroleos de Venezuela, the Venezuelan national oil company, will ask a London court to overturn an order won by Exxon Mobil Corp. freezing $12 billion in assets. Petroleos de Venezuela, known as PDVSA, will tell a judge at a hearing in London today that the dispute over the seizure of an oil field in Venezuela has little connection to the U.K. The company might also ask the court to reduce the order or allow it to offer an alternative bond. Courts in the U.K., Netherlands and Netherlands Antilles issued orders freezing as much as $12 billion in PDVSA assets. Irving, Texas-based Exxon Mobil had asked for the injunctions ahead of a ruling at a New York arbitration over the takeover.
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In the case of a British Court acting on behalf of Exxon-Mobil to freeze $12 billion of PDVSA, there is no question that it has no jurisdiction whatsoever, but is acting on behalf of the Bush regime, to which the British Government has links, both politically and militarily. This is not covered by international law.
ReplyDeleteIf a Belgian Court was not allowed to pass judgment on U.S. and Israeli WAR CRIMINALS, why should a British Court have any authority over something that has taken place on the sovereign territory of Venezuela. If if is acceptable for a British Court to pass judgment on Venezuelan issue, then a Venezuelan can pass judgment on an issue dealing with British sovereignty as well.