Venezuela has challenged Guatemalan arbitrator Álvaro Castellanos Howell in three active annulment proceedings the state faces at the International Centre for Settlement of Investment Disputes (ICSID) because of his alleged criticism of the state’s judicial system.
A Delaware appeal court has ruled that a US subsidiary of Venezuela’s national oil and gas company PDVSA did not commit a “fraudulent transfer” when it moved US$2.8 billion of assets out of the United States in an alleged bid to evade from the country’s creditors at the International Centre for Settlement of Investment Disputes (ICSID).
The growth of arbitration as a means to settle disputes in Latin America presents an opportunity for third-party funding to thrive, resulting in greater access to justice, particularly for cash-strapped claimants. But teaming up with a third-party financier can also raise novel concerns that must be considered at the outset. Zachary Krug, senior investment officer at Woodsford Litigation Funding in London, and Leonardo Viveiros, chief legal officer at Brazil’s Leste Litigation Finance, present the pros and cons
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.
These firms have professional notices in the Latin Lawyer 250