Bolivia has agreed to pay US$42.6 million to satisfy an award from the International Centre for Settlement of Investment Disputes (ICSID) in favour of Chilean company Quiborax, ending a 12-year dispute over the expropriation of mining concessions by a previous administration.
Twelve years after the dispute first came to the International Centre for Settlement of Investment Disputes (ICSID), an ad hoc committee has upheld a US$48 million award in favour of Chilean mining company Quiborax against Bolivia – finding that the tribunal’s decision to order the suspension of domestic criminal proceedings was not a basis for annulment.
The cross-border acquisition by Argentina’s largest electricity provider of assets owned by Brazil’s beleaguered state-owned oil company spanned seven jurisdictions and required a strong, coordinated effort from international and regional firms
As law firms in Latin America grow and face new competitive challenges, the pressure to re-evaluate partner compensation systems is on. As more law firms change to models that reward performance, how can law firm leaders appear objective and fair when sharing out the pie? asks Rosie Cresswell
Leading law firms in Latin America and the US have had some success in increasing diversity among their rank and file, but a lack of leadership from an overwhelmingly white, male partnership in most firms is still preventing many women and lawyers from different ethic and socio-economic backgrounds from reaching the top positions, according to delegates at a diversity and inclusion conference at the New York City Bar Association earlier this week.
Claudette M Christian and Joshua B Press
Anthony S Harrington
Albright Stonebridge Group
These firms have professional notices in the Latin Lawyer 250