News 24 Jun. 2021
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News 23 Jun. 2021
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Event 23 Apr. 2021
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Client Alert 13 Oct. 2021
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Event 21 Sep. 2021
Partner Simon Batifort Lectures on the Defense of States in Investment Arbitration at Université Paris Nanterre
News 15 Oct. 2021
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News 13 Oct. 2021
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News 20 Sep. 2021
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Client Alert 05 Oct. 2021
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Publications 22 Sep. 2021
Client Alert 24 Jun. 2021
U.S. Insight: Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
U.S. Insight: Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
News 11 Jan. 2018
Curtis has secured two comprehensive wins for its client, Libya’s National Oil Corporation (NOC), in a pair of ICC arbitrations in which Trasta Energy Limited and the Libyan Emirati Refining Company (Lerco), asserted claims of over US$1 billion.
Trasta and Lerco filed claims against NOC separately in 2013. In November 2016, an ICC tribunal comprising Klaus Reichert, Zachary Douglas QC and James Castello, issued a decision resulting in Trasta’s withdrawal of all of its claims, totaling more than US$175 million. On January 5 of this year, a second ICC tribunal chaired by Andreas Reiner and including co-arbitrators Jacques Sales and Ian Glick QC, dismissed all of Lerco’s monetary claims and awarded NOC over US$116 million, plus interest, in respect of NOC’s counterclaims. Both awards constitute decisive victories for NOC, which stood to lose more than US$10 billion had Lerco prevailed on its pricing claims under a long-term crude oil supply agreement.
The Curtis team that represented NOC in both cases included New York partners Joseph D. Pizzurro, Matias Vega and Robert Garcia, as well as associates Mohannad El-Murtadi and Elena Rizzo.
The ICC Tribunals’ decisions for both cases were announced in a press statement issued by Libya’s National Oil Corporation and have also been covered by Global Arbitration Review.
Mohannad A. El-Murtadi Suleiman
Robert B. García
Joseph D. Pizzurro
Matias A. Vega