British judge makes public the legal arguments about PDVSA-ExxonMobil case

ABN.- The decision emitted by the judge has 45 folios where he rejects most of the arguments wielded by ExxonMobil because there was not such an urgency alleged by the transnational to justify the request of the measure, according to a press note emitted by PDVSA.

Moreover, he pointed out that PDVSA has never acted inappropriately regarding its assets, and it does not have either any significant link with the United Kingdom.

Walker showed his skepticism regarding the arbitration with PDVSA: “I can not say that Mobil's case could have a good end”. Moreover, he questioned the arguments of the North American company about alleged expropriations with no compensations that is carrying out the Venezuelan State in its nationalization process.

The Court of London also established a period of time to decide the amount that ExxonMobil has to pay to PDVSA because the damages caused due to this freezing measure. It ordered as well that ExxonMobil has to pay all the costs afforded by PDVSA in this legal process.

ExxonMobil has to notify and inform to all those people contacted at the start of this legal battle that the freezing measure on the Venezuelan oil company has been revoked.

In the text presented by Judge Walker, he puts an end to the proceedings attempted by the North American oil company in that jurisdiction, excepting the compensation agreed in the sentence in favor of PDVSA by the Court of the United Kingdom.

Last March 18, the Court of London emitted a rule in favor of PDVSA and the Bolivarian Republic of Venezuela. It was expected that last March 20 the judge in charge of this legal process, Paul Walker, would publish his reasons to take the decisions of revoking the freezing of PDVSA's assets in England.