Firmly at the forefront of investor-state arbitration in Latin America, Arnold & Porter is best known for advising sovereign states – generally in complex, large-scale and high-value arbitration proceedings – where it’s outstanding (global) track record now reaches to 52 positive results out of 53 final (and potentially final) awards and decisions. This unmatched standing is maintained by a team over 60-strong across offices in Washington DC, New York, San Francisco, Los Angeles, Houston and London. Clients benefit from the presence of former government officials and an array of practitioners (many of whom are native or fluent Spanish speakers) that handle both common and civil law systems. Key partners in the team include outstanding Washington DC partner Paolo Di Rosa who founded the firm’s practice and led it for 17 years; a native Spanish speaker with strong connections to a range of Latin American sovereign states, he remains primarily focused on Latin America along with Europe and Asia. Frequently working alongside Di Rosa, London based Patricio Grané Labat has a major emphasis on representing Latin American sovereigns; with a sterling record in the region – including cases under the North American Free Trade Agreement (NAFTA) and bilateral investment treaties – 2025 saw him secure a sixth consecutive victory on behalf of Costa Rica. Also a prominent figure in investor-state and commercial arbitrations, New York’s Mélida Hodgson has represented Venezuela, Panama and Peru (among others) in both UNCITRAL treaty arbitrations and ICSID cases. Primarily a transactional specialist, Raul Herrera also participates in international arbitral matters and has a notable record, particularly on behalf of the Dominican Republic in DR-CAFTA cases. Up-and-coming London partner Alvaro Nistal specialises in investor-state and public international law cases involving Latin America.
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Key clients

  • Republic of Peru
  • Republic of Colombia
  • The Dominican Republic
  • Republic of Panama
  • Republic of Costa Rica
  • Republic of Chile
  • Republic of Guatemala
  • Republic of Ecuador
  • Republic of El Salvador

Work highlights

Successfully represented Peru in Latam Hydro LLC and CH Mamacocha S.R.L. v. Republic of Peru, ICSID Case No. ARB/19/28. In an award issued on December 20, 2023, the Tribunal (i) declined jurisdiction over Claimants’ claims in connection with alleged future projects, (ii) rejected on the merits the remainder of Claimants’ claims (concerning alleged treaty and contractual violations), and (iii) ordered Claimants to bear the costs of the arbitration.
Successfully represented Costa Rica in Infinito Gold Ltd. v. Republic of Costa Rica (ICSID Case No. ARB/14/5), the case relating to an open pit mining project and involved claims of over $398m. An ad hoc Committee subsequently issued an order discontinuing the  claimant's annulment proceeding pursuant to Rules 43 and 53 of the ICSID Arbitration Rules (2006)., definitively concluding the dispute, confirming the victory obtained in the underlying ICSID arbitration.  
Successfully represented Peru in an ICSID arbitration filed by Worth Capital Holdings 27 LLC under the U.S.-Peru Trade Promotion Agreement, involving claims of more than $590m and related to a dispute in the oil & gas sector.

Lawyers

Leading partners

The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Patricio Grané Labat

Practice head

Maria Chedid