Canadian mining company Rusoro has agreed a US$1.3 billion settlement with Venezuela to satisfy an International Centre for Settlement of Investment Disputes (ICSID) additional facility award it secured two years ago – the latest in a number of recent settlements reached by the beleaguered Latin American state.
The US Supreme Court has rejected a company’s attempt to revive a US$11 billion claim against Peru over bonds issued to an exporter of sea bird excrement, or “guano”, 140 years ago notwithstanding a 1901 arbitral award that held their value had been recovered.
Observers say 2018 could be a transformative year for Latin America. The rise of outside candidates in presidential and legislative elections may create a new, riskier environment for investors, meaning they may no longer rely on the International Centre for Settlement of Investment Disputes (ICSID) to resolve claims. By Ricardo H Puente and Andrew J Turnier.
Against the backdrop of Venezuela's escalating economic and political crisis, Emilio Demetriou-Jones spoke with partners from two of the country's law firms to find out how they are coping.
Delegates voted in favour of Miami being a world-class seat for arbitration at this year’s Latin Lawyer – GAR Annual Arbitration Summit, but panelists were more cautious, agreeing much of its popularity in Latin America was down to its location.
Claudette M Christian and Joshua B Press
Anthony S Harrington
Albright Stonebridge Group
These firms have professional notices in the Latin Lawyer 250