In the autumn of 2014, Three Crowns commenced ICC arbitration for a US Oil major against the Venezuelan National Oil Company, PDVSA, claiming tens of billions of dollars for the latter’s role in the destruction of the investor’s upstream contracts in Venezuela.
Our experience has seen us handle disputes for private individuals, corporates and states. In most instances these will be against counter-parties of the similar entities. We have a deep rooted understanding of many of the arbitral rules that oversee these types of arbitrations and are uniquely familiar with many of the locations that these arbitrations are handled in. Many of the cases we have handled have often drawn public attention due to the high profile nature of the work, as well as impact it might have for our clients.