Regulation Society Submits Un Report On Lack Of Judicial Independence In Venezuela
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In the disputes mentioned above where this issue has arisen, the competing submissions didn't lead to points referring to substantive regulation or facts, as a result of the substance of each faction’s submission was equivalent. Unsurprisingly, few banks are prepared to lend cash in the current climate, whereas only buyers willing to just accept massive threat are putting money into Venezuela’s industries.
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Secondly, this strategy might make it difficult and expensive for claimants to defend their case, considering they will have to simultaneously respond to submissions made by each factions. The same holds for companies recognized for their banking and finance know-how. In the occasion that the two factions take conflicting positions in future disputes, tribunals can be faced with the unenviable position of getting to stability their political neutrality with ensuring procedural justice for the claimant. Firms with particularly sturdy reputations for M&A work can get work on distressed acquisitions and enormous cross-border deals, however these transactions are out of reach for many.
