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Tobacco investor brings arbitration claim against Venezuela
Tobacco investor brings arbitration claim against Venezuela

Tobacco investor brings arbitration claim against Venezuela

09 August 2019

Venezuela is facing a fresh claim at the International Centre for Settlement of Investment Disputes (ICSID) from a Uruguayan tobacco investor who says his business had shipments of cigarettes seized and its license revoked by local authorities.

PDVSA loses appeal over seizure of US refinery assets
PDVSA loses appeal over seizure of US refinery assets

PDVSA loses appeal over seizure of US refinery assets

31 July 2019

A US appeals court in Pennsylvania has ruled that Canadian mining company Crystallex can seize shares in a US refinery business owned by Venezuela’s national oil and gas company PDVSA to satisfy a US$1.2 billion International Centre for Settlement of Investment Disputes award.

M&A report Spanish-speaking LatAm: January-February 2019
M&A report Spanish-speaking LatAm: January-February 2019

M&A report Spanish-speaking LatAm: January-February 2019

23 May 2019

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.

Four firms behind water sanitation sale in Colombia
Four firms behind water sanitation sale in Colombia

Four firms behind water sanitation sale in Colombia

27 March 2019

Gibson, Dunn & Crutcher LLP in Los Angeles and Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) in Bogotá have helped private equity firm Platinum Equity acquire Swiss life sciences group Lonza’s entire water sanitation business in Colombia for US$630 million.

Guaidó seeks to intervene in appeal over Citgo
Guaidó seeks to intervene in appeal over Citgo

Guaidó seeks to intervene in appeal over Citgo

20 March 2019

Venezuela’s self-declared acting president Juan Guaidó has asked a US court for leave to intervene in an appeal concerning the fate of the country’s most valuable US asset, oil refining business Citgo Petroleum.

Venezuelan opposition wades into PDVSA dispute
Venezuelan opposition wades into PDVSA dispute

Venezuelan opposition wades into PDVSA dispute

08 March 2019

Venezuela’s opposition government has asked to intervene before a US court to stay enforcement proceedings against a state-owned oil company brought by insolvent Canadian miner Crystallex, arguing the case could frustrate the transition of presidential power.

Notes on a scandal
Notes on a scandal

Notes on a scandal

25 January 2019

In early 2018, Óscar Centeno, a driver for an ex-official in Argentina’s ministry of public planning, turned over a box of handwritten notebooks to newspaper La Nación. In doing so, he sparked Argentina’s largest ever investigation into graft.

Gibson Dunn helps bondholders in US lawsuit against Venezuela
Gibson Dunn helps bondholders in US lawsuit against Venezuela

Gibson Dunn helps bondholders in US lawsuit against Venezuela

21 January 2019

Gibson Dunn & Crutcher LLP is acting for two Cayman Islands-based funds in lawsuits filed against the Venezuelan government, bringing the fight to recover the state’s overdue bonds to the US.

Venezuela to keep Citgo in Crystallex deal
Venezuela to keep Citgo in Crystallex deal

Venezuela to keep Citgo in Crystallex deal

06 December 2018

Canadian mining company Crystallex, which is undergoing proceedings under the Companies' Creditors Arrangement Actin Toronto (CCAA), has received US$500 million from Venezuela as partial payment for an arbitral award, under a deal allowing the state to keep hold of its national oil company’s US refining subsidiary.

Venezuela pays ICSID creditor to protect US refinery business
Venezuela pays ICSID creditor to protect US refinery business

Venezuela pays ICSID creditor to protect US refinery business

04 December 2018

Venezuela has paid US$500 million to distressed Canadian mining company Crystallex to partially satisfy a US$1.4 billion International Centre for Settlement of Investment Disputes (ICSID) award – as part of a renegotiated settlement deal that will allow the country’s national oil and gas company PDVSA to keep control of US-based refiner Citgo Petroleum.