The investment company of a Bolivian former presidential candidate has asked a US court to press ahead with enforcement of a US$40 million award that has been subject to set-aside proceedings in Bolivia – arguing that it is “uniquely vulnerable” to bias in those courts in light of the judiciary’s lack of independence from the government of President Evo Morales.
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.
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