Work Area: Arbitration

Mexico power bill draws warning of treaty claims

A Mexican business lobby has warned the government of President Andrés Manuel López Obrador that proposed reforms to the country’s electric market amount to “indirect expropriation” and may lead investors to file treaty claims.

05 February 2021

Petrobras liable over offshore oil platforms

Brazil's Petrobras has been ordered to pay damages in a US$570 million International Chamber of Commerce (ICC) dispute over an offshore oil and gas project after it "effectively abandoned" allegations that the claimant had engaged in bribery and bid-rigging.

04 February 2021

Odebrecht subsidiary launches arbitration claim against Pemex

A subsidiary of Brazilian construction group Odebrecht has launched an International Chamber of Commerce (ICC) claim against Mexico’s state oil company Pemex under a supply contract for a US$5.2 billion petrochemical complex.

03 February 2021

Shearman arbitration leaders to launch new firm

A group of partners from Shearman & Sterling LLP’s international arbitration practice – including former practice heads Emmanuel Gaillard and Yas Banifatemi and prominent Colombian partner Ximena Herrera-Bernal – are leaving the firm to launch a new disputes boutique.

02 February 2021

L O Baptista’s arbitration team leaves for MAMG

L O Baptista’s entire arbitration practice – comprising partners Fernando Marcondes, Sílvia Bueno de Miranda, Rafael Francisco Alves and Alberto Sanz Sogayar – has left the firm to join Macedo Garcia Advogados, which will rebrand as MAMG Advogados.

01 February 2021

Argentine footballer settles dispute over image rights

Argentine footballer and Juventus striker Paulo Dybala has settled an International Chamber of Commerce (ICC) arbitration worth around €35 million (US$42 million) with his former agent over image rights, a dispute that reportedly scuppered potential moves to English clubs Tottenham Hotspur and Manchester United.

28 January 2021

HSBC threatens El Salvador over court delay

An affiliate of British bank HSBC has threatened El Salvador with an ICSID claim over its Supreme Court’s delay in considering an appeal against a US$50 million judgment.

27 January 2021

Venezuela settles beef with cattle farmers

The administration of Venezuela’s opposition leader Juan Guaidó has agreed to pay around US$110 million to satisfy an International Centre for Settlement of Investment Disputes (ICSID) award won by a British family business over the expropriation of its cattle farms.

26 January 2021

Airport operators threaten Chile with arbitration over pandemic disruption

25 January 2021

Disputes arise from Colombian hydro dam disaster

A Colombian public utility is seeking US$1.6 billion from a Spanish insurer following the collapse of a hydroelectric dam which caused a major flood, while another billion-dollar dispute with the consortiums behind the project has also gone to arbitration.

21 January 2021

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