Venezuela’s state-owned oil group PDVSA has defeated a US$1.5 billion International Chamber of Commerce (ICC) claim brought by US energy company ConocoPhillips over the expropriation of an offshore oil project – just months after an International Centre for Settlement of Investment Disputes (ICSID) tribunal ordered the state to pay a record award for seizing that and other assets.
Carriers and agents that help customers purchase indirect flights between the US and Venezuela may fall afoul of a tough US order than bans flights between the two countries, warns Anita Mosner, a partner at Holland & Knight LLP’s Washington, DC office.
Lawyers have welcomed a policy paper issued by the restructuring team for Venezuela’s opposition, which suggests treating diverse creditors equally to prevent Argentina-style holdout disputes.
For the past two years, many UK law firms have been compelled to publicly disclose the difference between what they pay male and female lawyers. Gender pay gap reporting can be a blunt instrument, but acknowledging a problem is the first step to solving it. We consider the implications for Latin America’s legal market.
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
In a wide ranging discussion at the Latin Lawyer - GRR Live 4th Annual Restructuring summit in New York, speakers discussed Venezuela's post Maduro future, the country's conflicting restructuring plans and its soverign debt. Venezuelan companies that were worth US$1 billion 20 years ago can now be bought for US$55 million, according to GCG Advisors managing partner Jose Gonzales. “If you want to take the risk, there should be plenty of opportunity.”
Sergio J Galvis, Robert J Giuffra Jr and Werner F Ahlers
Sullivan & Cromwell LLP
Jack Devine and Amanda Mattingly
The Arkin Group
These firms have professional notices in the Latin Lawyer 250