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.
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.
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.
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.
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.
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.
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.
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.
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.
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.