News

Latin America becoming more attractive as arbitration seat

Latin America becoming more attractive as arbitration seat

28 April 2017

Local arbitration centres are developing stronger institutional rules and are increasingly viewed as an attractive destination for an arbitration seat, contributing to a Latinisation of arbitration, heard delegates at the debut Latin Lawyer - GAR Live Arbitration Summit held in Miami on Thursday.

“Game is up” for traditional law firm business model, says top consultant

“Game is up” for traditional law firm business model, says top consultant

28 April 2017

Law firms must adopt business practices from other industries or else be superseded by new types of legal services providers, said law firm consultant Bruce MacEwan at the launch of his book in London yesterday.

Dominican Republic wins costs after real estate investor withdraws

Dominican Republic wins costs after real estate investor withdraws

28 April 2017

A property investor has been ordered to pay costs to the Dominican Republic after withdrawing a treaty claim against the state on the ground that conducting the arbitration in two languages was financially unviable.

Dutch court sanctions full bankruptcy for local Oi subsidiaries

28 April 2017

An appeals court in the Netherlands has granted requests for two local affiliates of the embattled Brazilian telecoms company Oi to enter full bankruptcy, overturning a lower court’s earlier refusal to convert suspension of payments proceedings.

Venezuela appeals Crystallex award

Venezuela appeals Crystallex award

27 April 2017

The Venezuelan government has appealed a ruling by a US district court last month that confirmed a US$1.39 billion arbitral award in favour of distressed Canadian mining company Crystallex.

US medical device companies move to crush Brazilian corruption lawsuit

26 April 2017

Three US medical device manufacturers have asked a federal court in Delaware to quash a lawsuit by a Brazilian insurers association that accuses the companies of participating in a far-reaching scheme to bribe doctors in Brazil.

Venezuela seeks to overturn ICSID awards

Venezuela seeks to overturn ICSID awards

25 April 2017

Venezuela has applied to annul a US$165 million ICSID award in favour of Luxembourg-steelmaker Tenaris over a Chavez-era expropriation –  adding new counsel to its team.

Sacyr sells stake in Chilean highway concession

24 April 2017

Claro & Cía has helped Chilean asset manager Toesca Infraestructura Fondo de Inversión purchase a 49% stake in a highway operator controlled by Spanish construction group Sacyr.

El Salvador pursues Pac Rim and defeats motorway claim

El Salvador pursues Pac Rim and defeats motorway claim

21 April 2017

As El Salvador freezes the assets of a failed ICSID claimant to collect on a costs award, the state has reported a “new victory” in an unrelated arbitration over a project to extend one of the country’s largest motorways.

US and Brazil agree local Odebrecht monitors

21 April 2017

Brazilian lawyers monitoring Odebrecht and Braskem following the companies’ US$3.5 billion global settlements will work closely with their US counterparts.