Latin America - Latin America: International firms

Freshfields Bruckhaus Deringer LLP

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Freshfields Bruckhaus Deringer LLP’s global standing in international arbitration is very much in evidence in Latin America, where it has an unrivalled record in investor-state arbitrations over recent years; it typically represents investors against states and state-owned entities. It has represented parties in some of the largest and most high-profile cases to involve the region, notably expropriation and nationalisation-related cases, including representing ConocoPhillips in a series of cases relating to the 2007 expropriation of three major oil investments in Venezuela under then-President Chávez. The firm is active in cases involving parties from across the region and has an array of native Spanish and Portuguese speakers in the team. ‘Brilliant senior practitioner’ Nigel Blackaby KC (in Washington DC) is co-head of the Latin America group alongside Noiana Marigo, who ’directs the practice in Lat Am in an exceptional way’. Also in Washington DC, Caroline Richard (‘an outstanding international arbitration expert’) is another notable name in investor-state disputes, as is Lee Rovinescu, who was promoted to the partnership in 2020, and is highlighted for mining, energy and natural resources cases, as well as his expertise in damages. Blackaby and Richard (along with Americas practice head Elliot Friedman) are currently co-leading advice to Glencore in the first ever ICSID case against Colombia; while Marigo is acting for the same client in an UNCITRAL case against the Plurinational State of Bolivia. Counsel Natalia Zibibbo (an ’excellent professional’); DC-based special legal consultant Maria Julia Milesi (who was promoted to counsel in May 2023); and senior associates Santiago Gatica (‘remarkable intelligence, legal knowledge and great capacity for work’), Hinda Rabkin and Madeline Snider (in Madrid), are also noted and further illustrate the practice group’s strength-in-depth. All named individuals are based in New York unless stated otherwise. Former counsel Alex Wilbraham has left the firm to become an independent arbitrator in January 2023.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘The team is very professional. High level of commitment in the development of legal argumentation, depth in the analysis and understanding of the issues exposed. They are fully involved in the case, studying, comparing and testing the different legal approaches required to properly represent the company's position. They have a wealth of experience and their support teams are highly competent. They have the technological capacity to handle thousands of documents, extract the most valuable elements, cite them, link them and access them to support each of the assertions of the briefs presented.’

  • ‘The legal team has extraordinary experience to analyse very complex issues that consider national and international legal argumentation, arbitration rules and link it to elements of the case. It is directed in an exceptional way by the lawyer Noiana Marigo who directs the practice in Latam and has a great analytical and strategic capacity essential to design the approach to each topic dealt with. The lawyer Santiago Gatica stands out in an outstanding way with a remarkable intelligence, legal knowledge and great capacity for work. They stand out for their commitment to the case, 24-hour availability, knowledge and experience.’

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Key clients

  • ConocoPhillips Company
  • The Glencore Group

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Work highlights

  • Successfully represented Grupo Agroinsumos Iberoamericanos in connection with an arbitration claim, brought under the Spain-Venezuela BIT, arising out of the 2010 expropriation of the client’s business.
  • Acted for BBVA in a dispute concerning Bolivia’s nationalisation of the country’s pension fund administration industry, a 10-year process which began in 2010; in July 2022, the ICSID Tribunal issued an award ordering Bolivia to pay over $100m to BBVA.

Abbreviated data is displayed for this firm.