News

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.

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.

Latin Lawyer 250 country by country: Venezuela

Latin Lawyer 250 country by country: Venezuela

21 April 2017

Venezuela is the last stop on our tour of the region’s legal markets following the publication of the 19th edition of Latin Lawyer 250.

Canada's Crystallex seeks PDVSA injunction to stop assets leaving the US

Canada's Crystallex seeks PDVSA injunction to stop assets leaving the US

19 April 2017

Canadian gold miner Crystallex has asked a Delaware court to prevent Venezuelan state-owned oil company PDVSA from draining funds out of its largest US subsidiary, in the hope it can satisfy a US$1.4 billion arbitral award that is vital to the success of its restructuring in Canada.

Vance Center Lawyers Council launches anti-corruption module

Vance Center Lawyers Council launches anti-corruption module

04 April 2017

A civil and economic rights group established by The Cyrus R. Vance Center for International Justice has launched an anti-corruption initiative that will organise private practice lawyers across the Americas to support government efforts to crack down on corruption.

Crystallex award confirmed in US

Crystallex award confirmed in US

31 March 2017

A court in Washington, DC, has confirmed Canadian gold mining company Crystallex’s US$1.39 billion ICSID award against Venezuela, one of the largest awards ever faced by the state.

Latin Lawyer Deal of the Year winners announced

Latin Lawyer Deal of the Year winners announced

24 March 2017

Latin Lawyer announced the winners of its 11th annual Deal of the Year Awards at a charity dinner in São Paulo last night, in the presence of 230 leading names of the Latin American legal community.

Mendoza Palacios partner elected to Venezuela’s Academy of Political and Social Sciences

17 March 2017

Venezuela’s Academy of Political and Social Sciences has elected partner Carlos Eduardo Acedo of Mendoza, Palacios, Acedo, Borjas, Páez Pumar y Cía as a member.

Araquereyna banks on Venezuelan energy liberalisation with hire

Araquereyna banks on Venezuelan energy liberalisation with hire

14 March 2017

Araquereyna believes Venezuela’s double-digit recession will force its government to open the oil and gas sector to new investment, leading the firm to recruit a former CMS foreign associate to head its energy and natural resources practice.

Exxon sees US$1.4 billion chopped from Venezuela award

14 March 2017

An ICSID annulment committee has dramatically chopped US$1.41 billion from an award won by ExxonMobil against Venezuela, holding that the damages were granted based on contradictory reasoning, “straw man” arguments and the assertion of powers under international law that were not mandated by the relevant bilateral investment treaty.