Experience

• • Gramercy Funds Management and Gramercy Peru Holdings in winning a $100 million award in an UNCITRAL arbitration against the Republic of Peru relating to Peru’s agrarian reform bonds, which is the largest amount awarded against Peru in any treaty arbitration and the first decision finding Peru liable under the U.S.-Peru Trade Promotion Agreement.
  • Freeport-McMoRan and Sociedad Minera Cerro Verde in an ICSID arbitration against Peru under the U.S.–Peru Trade Promotion Agreement, with claims of approximately $1 billion. The dispute arises out of the Government’s imposition of royalties, taxes, and penalties and interest against its affiliate, which operates one of the world’s most productive copper mines.
  • An international construction company in an LCIA arbitration related to the engineering, procurement and construction of a liquefied natural gas plant worth $9 billion.
  • A major construction company in an LCIA arbitration proceeding regarding disagreements arising from the construction of a 240MW hydroelectric power plant.
  • An Indian conglomerate in an ICC arbitration related to a shareholder dispute arising out of a mining project worth over US$800 million.
  • A Mexican State-owned enterprise on potential Chapter 11 NAFTA claims related to the lease of oil production platforms.
  • A public Mexican company in restructuring their investment in order to gain access to treaty protections.
  • A multinational investment bank in connection with FCPA investigations conducted by Mexican authorities and potential investigation by the DOJ.