A tribunal hearing a pair of bilateral investment treaty claims against Venezuela has ordered the third-party funded claimants to post US$1.5 million in security for costs – only the second known time such an order has been made in an investment arbitration.
A US court has authorised Canadian mining company Crystallex to seize assets held by a US subsidiary of Venezuela’s national oil and gas company PDVSA as part of its efforts to enforce a US$1.4 billion International Centre for Settlement of Investment Disputes (ICSID) award against the state.
In a fast-changing world, the Latin Lawyer Elite firms of 2018 have shown themselves willing to take innovative steps to defend their leading positions.
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
The Venezuelan government’s lack of political will to restructure its debts is stopping the country from addressing its economic crisis, according to restructuring advisors.
Claudette M Christian and Joshua B Press
Anthony S Harrington
Albright Stonebridge Group
These firms have professional notices in the Latin Lawyer 250