DECISION For the reasons stated in this Award, the Tribunal makes the following decision: a. The Tribunal has jurisdiction over the entire dispute involving the Claimant and the Respondent; b. Venezuela has breached Article II(2) of the Treaty by failing to accord the Claimant’s investments in Venezuela fair and equitable treatment; c. Venezuela has breached Article VII(1) of the Treaty by expropriating the Claimant’s investments in Venezuela; d. As a result of the Respondent's breaches of the BIT, the Respondent shall pay to the Claimant damages amounting to US$ 1,202 million (one thousand two hundred and two million United States Dollars); e. The Respondent is ordered to pay pre-award interest on the amount specified in subparagraph (d) above at the rate of the 6-month average U.S. Dollar LIBOR + 1%, compounded annually, calculated from 13 April 2008 until the date of the Award; f. The Respondent is ordered to pay post-award interest on the amounts specified in subparagraph (d) and (e) above at the rate of the 6-month average U.S. Dollar LIBOR + 1%, compounded annually, calculated from the date of the Award until full payment; g. Each Party shall finally bear the costs of the arbitration that it has advanced and no payments between the Parties are thus necessary in this regard; h. Each Party shall bear the fees and expenses it incurred for the preparation and presentation of its case; i. All other claims or prayers for relief are dismissed
