21 September 2018
The US Department of Justice (DOJ) announced two guilty pleas in a corruption case targeting Venezuela’s state-owned oil company Petróleos de Venezuela (PDVSA) by a US-based executive for a logistics company and the government official he bribed.
04 September 2018
The complete programme for Latin Lawyer's 3rd Annual Tax conference has been announced.
22 August 2018
US energy company ConocoPhillips has reached a settlement with Venezuela’s state-owned oil group PDVSA to recover the full US$2 billion it was awarded by an International Chamber of Commerce (ICC) tribunal earlier this year.
15 August 2018
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.
14 August 2018
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.
06 August 2018
The US Department of Justice has alleged that unnamed law firms representing Venezuela in international arbitrations arranged to pay “kickbacks” to the relative of a Venezuelan government official.
02 August 2018
The provisional liquidators for an insurer owned by Venezuela’s state-owned oil company PDVSA have filed for Chapter 15 recognition of its Bermudian reorganisation in New York, seeking to gain access to British pounds in the insurer’s US bank accounts.
23 July 2018
A court in Miami has ordered the enforcement of a US$63 million partial award against a Venezuelan state-owned mining company after an iron ore project with a British Virgin Islands commodities company went awry during the economic turmoil following Hugo Chávez’s death in 2013.
19 July 2018
A former official for Venezuela’s state-run oil company has pleaded guilty in a Houston federal court over his role in an international bribery scheme.
18 July 2018
Patton, Moreno & Asvat has hired a former in-house lawyer to Cemex’s Caracas office as counsel to capture outbound work from Venezuela.