The Supreme Court yesterday issued an opinion in an expropriation case we’ve been following.
No, Bolivarian Republic of Venezuela v. Helmerich & Payne International Drilling Co., No. 15-423 (May 1, 2017), isn’t about redevelopment, or public use and the like, but about the nationalization by Venezuela of oil exploration equipment. The owner of the seized property predictably didn’t get far in the Venezuelan legal process, so brought suit in U.S. federal court for damages for the taking. The DC Circuit, as we noted here, held that Venezuela didn’t enjoy immunity. Game on!
The unanimous Supreme Court disagreed – it turned out that the corporate owner of the drilling equipment is a Venezuelan citizen, and thus, international law isn’t available as a remedy for a taking of its property by the Venezuelan government (the international law remedy is only available to foreigners whose property is wrongly seized).