Three Crowns LLP is an international disputes heavyweight with a reputation for commercial, investor-state and state-to-state cases. Its new Madrid office, opened in autumn 2023, has resulted in an uptick in engagements from Spanish and Latin American clients; international arbitration leader Carmen Martinez Lopez heads the office with support from recently promoted partner Agustin Sanz and dual qualified (New York/Brazil) senior associate Laura França Pereira. The wider international arbitration team continues to represent a mix of states and multinationals in some of the largest investment treaty cases to involve Latin America, including representing the Republic of Chile in a $200m+ ICSID claim filed under the Chile-Colombia FTA, concerning the largest electricity transmission project in Chile’s history. The team also remains especially active in a broad array of commercial arbitrations. London based Gaëtan Verhoosel KC is a leading name in international arbitration with a substantial focus on Latin America, including commercial and investment treaty arbitrations; he recently represented Sacyr in a $1bn+ dispute relating to claims brought by a contractor for the Panama Canal Third Set of Locks project. Washington DC’s Luke Sobota is another key team member on a number of headline Latin America cases.
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Key clients
- Sacyr
- ConocoPhillips
- Republic of Chile
- Rusoro Mining
- Serafin Garcia Armas and Karina Garcia Gruber
- ExxonMobil
- Chevron
- Petroquímica Comodoro Rivadavia
- Boeing
- Petronas
Work highlights
- Represented Sacyr in a $1bn+ treaty claim against Panama under the Spain-Panama BIT in connection with the expansion of the Panama Canal.
- Acted for ConocoPhillips in defending a multi-billion dollar ICSID award connected to Venezuela's expropriation of ConocoPhillips’ upstream assets in the Orinoco oil belt.
- Represented the Republic of Chile in a $200m+ ICSID claim filed under the Chile-Colombia FTA and concerning the largest electricity transmission project in Chile’s history.
Lawyers
Practice head
The lawyer(s) leading their teams.
GaëtanVerhoosel KC, Carmen Martinez Lopez