Ampudia Discusses Energy Arbitration in Latin America
Shook Of Counsel Ricardo Ampudia joined a written panel on arbitration in the Latin American energy sector for Financier Worldwide. Ampudia answered questions about the current appetite for arbitration in the region, key trends and developments, underlying causes for the disputes and recommended approaches to claims evaluation and arbitration preparation.
"Every signal indicates that arbitration in Latin America’s energy sector is here to stay, with new types of disputes and new claimants coming into the scene," Ampudia explained. "Energy companies want to stay out of local courts, the region continues to discover vast energy resources that attract large and foreign industry participants, the region’s energy policy toward renewables is changing rapidly as its legal and regulatory frameworks try to keep up, and key industry participants continue to be closely linked to the national governments and thereby susceptible to political currents."