A Dutch subsidiary of US bottlemaker Owen-Illinois has become the latest of Venezuela’s arbitral creditors to target the US assets of the state’s national oil and gas company PDVSA, in a bid to collect on a US$500 million International Centre for Settlement of Investment Disputes (ICSID) award.
Latin America-focused disputes partner Luis O’Naghten has left Baker McKenzie LLP in Miami to join Hughes Hubbard & Reed LLP.
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.
Sergio J Galvis, Robert J Giuffra Jr and Werner F Ahlers
Sullivan & Cromwell LLP
Jack Devine and Amanda Mattingly
The Arkin Group
These firms have professional notices in the Latin Lawyer 250