Experience

• • The Republic of Iraq against claims brought by Orange S.A. in an ICSID arbitration under the France-Iraq BIT arising out of a dispute concerning the telecommunications sector.
  • Perenco Ecuador in securing an ICSID award against the Republic of Ecuador worth over $390 million plus interest, net of cost recovery and other factors, which is the largest compensation any tribunal has awarded in connection with Ecuador’s Law 42. Ecuador has committed to pay the Award voluntarily, unconditionally and in full.
  • The Republic of Iraq in a complete dismissal of claims for over $650 million brought by Agility Warehousing Company relating to a telecommunications investment, substantially prevailing on jurisdictional objections and achieving a complete victory for the Republic on the merits with a full award of costs, in the first ICSID arbitration brought against the Republic. For this win, the Debevoise team was recognized as Litigators of the Week by The American Lawyer.
  • 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 first decision finding Peru liable under the U.S.-Peru Trade Promotion Agreement and at the time was the largest amount awarded against Peru in any treaty arbitration.
  • The Republic of Iraq in successfully defending ICSID claims brought by Itisaluna Iraq LLC and others under the OIC Agreement arising out of a dispute concerning the telecommunications sector. In the jurisdictional stage, we contended that the Parties to the dispute had not consented in writing to submit the dispute to ICSID arbitration. The tribunal dismissed all claims for lack of jurisdiction and awarded close to two-thirds of costs to the Republic.