An ICSID tribunal has ruled it has no jurisdiction to hear a bottlemaker’s billion-dollar claim against Venezuela because it was filed after the state gave notice of its denunciation of the ICSID Convention nearly six years ago. Diego Gosis, of Guglielmino & Asociados in Buenos Aires and GST LLP in Miami, comments “We feel that the award reaches a good and solid decision on the issue of the form and effect of denunciation of treaties in general and of the ICSID convention in particular.”