Work Area: Compliance & Investigations

Ecuador in “default” as stay on Perenco arbitration award is lifted

Bahamian oil company Perenco says Ecuador has defaulted on an undertaking to pay a US$391 million International Centre for Settlement of Investment Disputes (ICSID) award, as a US court lifts a stay on its enforcement.

03 August 2021

Poor political will plagues anti-corruption efforts in Latin America

A study by the Vance Center’s Lawyers Council for Civil and Economic Rights has revealed that several anti-corruption agencies in Latin America lack sufficient independence from government powers to operate effectively, while the absence of political will to fight white-collar crime is dragging the region behind in its anti-corruption efforts.

22 July 2021

PDVSA arbitration award reinstated despite corruption allegations

The Dutch Supreme Court has reinstated an International Chamber of Commerce (ICC) award against a subsidiary of Venezuela’s national oil and gas company PDVSA that was set aside two years ago on grounds of corruption.

21 July 2021

Court rejects challenge over alleged cyber-attack against J&F

As a Brazilian court lifts a stay on an award in a multibillion-dollar M&A dispute, the International Chamber of Commerce (ICC) Court of Arbitration has rejected a bid to disqualify the entire tribunal based on an alleged cyber-attack.

20 July 2021

Revisit Latin Lawyer and GIR’s Anti-Corruption & Investigations Mexico conference

The Anti-Corruption Investigations Mexico conference hosted by Latin Lawyer and its sister publication Global Investigations Review is now available to view in full online. The event was co-chaired by Andrew Levine of Debevoise & Plimpton LLP and Diego Sierra of Von Wobeser y Sierra SC.

16 July 2021

BMA adds white-collar crime partner

Brazil’s BMA – Barbosa, Müssnich, Aragão has strengthened its white-collar crime and investigations practice by hiring a former in-house compliance manager as partner.

14 July 2021

Peru liable in metro dispute at ICSID

An International Centre for Settlement of Investment Disputes (ICSID) tribunal has held Peru liable in a contractual claim over a project to build Lima’s second metro line, ruling that the state was responsible for delays in the works and must pay damages – also dismissing a US$700 million counterclaim.

12 July 2021

Court upholds fine against Alcatel for corruption in Costa Rica

France’s highest court has rejected an appeal by telecoms company Alcatel-Lucent against a €150,000 (US$182,000) fine it received for paying bribes in Costa Rica in the early 2000s.

29 June 2021

Dutch court overturns ruling in Petrobras fraud suit

A Dutch court has reversed its decision to exclude certain claimants from a class action brought on behalf of investors in Petrobras who suffered losses due to the Lava Jato corruption scandal - after it emerged the Brazilian company had taken conflicting positions on the applicability of an arbitration clause.

22 June 2021

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