CONFLICTS BETWEEN VENEZUELA AND GUYANA:

APPLICATION OF ARBITRATION IN THE OVERVIEW OF INTERNATIONAL LAW

Abstract

ABSTRACT   This article proposes an analysis of the role of international arbitration in resolving conflicts between Venezuela and Guyana, with an emphasis on territorial disputes. Since the 19th century, the border region between the two countries has been the subject of controversy, exacerbated recently by the discovery of vast oil reserves on the disputed sea coast. The lack of a clearly demarcated border and the colonial legacy complicate the situation, making it a long-standing diplomatic challenge. This study not only seeks to understand the dynamics of territorial conflicts in the region, but also to examine the effectiveness of international arbitration as a method of resolving disputes between Venezuela and Guyana. International arbitration offers a viable alternative to resolve these issues in a transparent and participatory manner, allowing parties to articulate their concerns and seek creative solutions. By providing a legal and institutional framework for constructive dialogue, arbitration can reduce polarization and promote a culture of cooperation and mutual respect between the States involved. Through a literature review, analysis of the historical context, review of relevant international case law and case studies of previous disputes, a critical assessment of the advantages and disadvantages of arbitration in this specific context will be carried out. The main objective is to demonstrate how arbitration can be a vital tool in promoting peaceful and lasting solutions to territorial conflicts, contributing to constructive cooperation between the parties involved.