Venezuelan President Hugo Chavez said Sunday that his government should pull out of a World Bank-affiliated arbitration body and won’t recognize its decisions. Exxon Mobil Corp. is one of more than a dozen companies with arbitration cases against Venezuela pending before the World Bank-affiliated International Centre for Settlement of Investment Disputes, or ICSID. Chavez announced his decision while referring to a more than $900 million award that Exxon Mobil recently won in another arbitration case before the International Chamber of Commerce. This article is a linkout from DailyFinance: http://srph.it/y5o0pr