News

Venezuela agrees new terms with ICSID creditor

Venezuela agrees new terms with ICSID creditor

21 June 2017

Canadian mining company Gold Reserve has received US$40 million from Venezuela in partial satisfaction of an International Centre for Settlement of Investment Disputes (ICSID) award, after agreeing new settlement terms that will see the investor receive more than US$1 billion in the next two years.

Ecuador set to terminate bilateral investment treaties

Ecuador set to terminate bilateral investment treaties

09 May 2017

As it prepares for a change of president, the Ecuadorean government has said it will cancel all 12 of its remaining bilateral investment treaties (BITs) – ostensibly as part of a plan to renegotiate the agreements on more favourable terms.

Trustee told it can’t bring arbitration claim against Venezuela

02 May 2017

An International Centre for Settlement of Investment Disputes (ICSID) panel has dismissed a treaty claim against Venezuela brought by the Barbadian manager of a trust that the state alleged was a front for Venezuelan nationals or a Qatari sovereign fund.

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.