News

Venezuela faces arbitral annulment bid in trust case

Venezuela faces arbitral annulment bid in trust case

18 August 2017

A Barbadian trust manager has applied to annul an International Centre for Settlement of Investment Disputes (ICSID) award rejecting its US$400 million claim against Venezuela - arguing that the tribunal erred when it concluded that a trustee lacked jurisdiction to bring a claim.

Latin Lawyer Elite firms of 2017

Latin Lawyer Elite firms of 2017

09 August 2017

Latin Lawyer profiles the 40 Latin American law firms with an eye firmly on the future.

Arbitration tribunal wraps tortilla makers' treaty claim

Arbitration tribunal wraps tortilla makers' treaty claim

09 August 2017

Two Spanish subsidiaries of Mexican food group Gruma have won nearly half a billion dollars from Venezuela in a dispute at the ICSID (International Centre for Settlement of Investment Disputes) over the expropriation of their tortilla and corn flour businesses.

Creditor opts out of enforcing Venezuela award

Creditor opts out of enforcing Venezuela award

08 August 2017

US bottle manufacturer Owens-Illinois has sold its interest in a US$455 million International Centre for Settlement of Investment Disputes (ICSID) award against Venezuela to a third party which can seek to enforce in its place - but it may be required to repay the buyer if an ad hoc committee decides to annul the award in whole or in part.  

Tinoco Travieso signs alliance with Girán Abogados

25 July 2017

Venezuela's Tinoco Travieso Planchart & Núñez has entered a strategic alliance with local labour and maritime firm Girán Abogados & Asociados.

Baker McKenzie promotes across LatAm

Baker McKenzie promotes across LatAm

03 July 2017

Baker McKenzie LLP has added 10 new partners across Argentina, Brazil, Colombia, Chile, Mexico and Peru in the last seven months, strengthening multiple practice areas and restocking its ranks after several departures.

Norton Rose Fulbright and Chadbourne confirm merger

Norton Rose Fulbright and Chadbourne confirm merger

03 July 2017

Norton Rose Fulbright has completed its merger with Chadbourne & Parke LLP, adding significantly to its Latin American practice in the process – including offices in Mexico City and São Paulo.

Political instability threatens survival of state-run oil companies in LatAm, agree lawyers

Political instability threatens survival of state-run oil companies in LatAm, agree lawyers

30 June 2017

Panellists at the Latin Lawyer-GRR Live 2nd Annual Restructuring Summit agreed political instability has damaging implications for both Brazil’s Petrobras and Venezuela’s PDVSA, and expressed concern for Pemex’s future.

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.