In response to the unprecedented impact of covid-19, Latin Lawyer and LACCA have launched a free-to-view and regularly updated information hub. Read about legislation and official communications issued by governments across Latin America in response to the evolving crisis here.
As governments respond to the pandemic by enacting emergency legislation that will affect all areas of society and doing business, we are providing a central information hub that contains the enacted legislation and other relevant official communication issued in relation to the crisis.
The fallout of covid-19 is indelibly altering how law firms operate and deliver their services. Managing partners of Elite firms reveal the profound changes the crisis has spelled for their firms and the adaptations they are undergoing to remain at the peak of their markets.
An internal company proposal has suggested a restructuring of Venezuelan state-owned oil company PDVSA, which would privatise various company assets and allow private investors to hold larger shares in oil fields. While this pitch is welcomed by the legal and business community, there is a long list of economic, legal and political hurdles that must be overcome before anything can be put into practice.
Acting Venezuelan president Juan Guaidó’s administration says state-owned oil company Petróleos de Venezuela (PDVSA) is entitled to restitution as a result of a bribery and money laundering scheme committed by its employees. By Ines Kagubare
The Venezuelan ministry of defence says it will appeal a decision by a court in Mississippi to enforce a US$129 million award in favour of a US shipbuilder, in a two-decade dispute over the upgrade of two navy frigates.
In the decade ahead of the 2017 Centre for Aviation (CAPA) summit in Colombia, Latin American airlines had tripled their flight seats on offer and the region was comfortably the world’s fastest growing for online reservations. At the summit, experts expressed optimism for the region’s aviation sector – but three years and a pandemic later, global airline revenues are forecast to lose a whopping US$315 billion.
The Venezuelan government of Nicolás Maduro has challenged all three members of the International Centre for Settlement of Investment Disputes (ICSID) committee hearing its bid to annul a US$9 billion award won by US oil company ConocoPhillips, after the panel refused to bar counsel to Juan Guaidó’s government-in-exile from appearing in the case.
Barbara Martinez, a former federal prosecutor, has joined Holland & Knight LLP as a senior consultant in Miami. By Ines Kagubare
The US federal investigation into corruption at Venezuela’s state-owned oil company, Petróleos de Venezuela SA (PDVSA), shows no sign of abating.