Source: Blogs.ft.com
August 26, 2011
By Benedict Mander
There’s nothing Hugo Chávez likes more than to shake his fist at the private sector. Nationalising businesses is one of his favourite pastimes, with his Queen-of-Hearts-like cry of “expropriate it!” dreaded in boardrooms across Venezuela.
But it has its consequences. With steel tube-maker Tenaris initiating arbitration proceedings before the International Centre for Settlement of Investment






