After duking it out before both an arbitration panel and a federal court in Washington, D.C., a team of partners at Freshfields Bruckhaus Deringer in D.C. and New York clinched more than $1.2 billion for their client March 25.
U.S. District Judge Rudolph Contreras of the District of Columbia ordered the government of Venezuela to pay Canadian mining company Crystallex for “depriv[ing] Crystallex of the benefit of its investment” in a gold mine there in violation of a bilateral investment treaty. Venezuela violated its treaty with Canada when it denied Crystallex a permit, seized the mine and rescinded an agreement to allow Crystallex to operate the facility.
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