An International Centre for Settlement of Investment Disputes (ICSID) annulment committee has dismissed a petition by an Aruba mining company and its affiliate to annul an award rejecting their US$633 million claim against Venezuela.
The opposition, led by Venezuelan National Assembly president Juan Guaidó, announced on 3 September that it had brought in James Bromley and Sergio Galvis to help restructure its external debt and other obligations.
The 2019 Latin Lawyer Elite firms are profiled here. Each have carved out their own paths towards excellence and demonstrate unique areas of strength.
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 rise of nationalism first cast doubt on the future of investment treaties and investor-state dispute settlements in Latin America more than a decade ago. But despite international trade agreements now appearing to fall out of favour in the US, such pacts and the investment arbitration they endorse look set to stand the test of time in Latin America.
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