Canada’s TriMetals Mining has reached a US$26 million settlement with Bolivia to satisfy an investment treaty award that held the state liable for nationalising a silver mining project targeted by protests from indigenous communities.
Peru was the busiest country for M&A transactions in Spanish-speaking Latin America during January and February, with more deals taking place there than in Mexico and Argentina combined, according to Latin Lawyer’s research.
A Colorado court has confirmed a US$36 million award in favour of a Bolivian politician’s investment company against a Mexican cement group despite the fact it is still subject to annulment proceedings in Bolivia.
Bolivian law firm Guevara & Gutiérrez - Servicios Legales has helped three local subsidiaries of Peruvian consumer goods company Alicorp merge into one joint company.
Law firms that stand out for the pro bono work done by their lawyers and for their efforts to build a lasting pro bono infrastructure, both internally and in their legal market.
A divided tribunal has found Bolivia liable for the expropriation of a silver mining concession while awarding the third-party funded claimant significantly less than the US$385 million it had sought – prompting a separate opinion by Chilean arbitrator Francisco Orrego Vicuña shortly before his death last month.
The investment company of a Bolivian former presidential candidate has asked a US court to press ahead with enforcement of a US$40 million award that has been subject to set-aside proceedings in Bolivia – arguing that it is “uniquely vulnerable” to bias in those courts in light of the judiciary’s lack of independence from the government of President Evo Morales.
Bolivia has agreed to pay US$42.6 million to satisfy an award from the International Centre for Settlement of Investment Disputes (ICSID) in favour of Chilean company Quiborax, ending a 12-year dispute over the expropriation of mining concessions by a previous administration.
Peruvian consumer goods company Alicorp has hired White & Case LLP in Miami, Garrigues (Peru) in Lima and Guevara & Gutiérrez - Servicios Legales in La Paz to obtain a US$400 million loan.
An ICSID tribunal has ordered Bolivia to pay US$50 million to Chilean mining company Quiborax, almost a decade after the claim was filed and nearly two years after the close of merits hearings.