Ignacio Torterola is a Partner at GST LLP’s Washington, D.C. office. He has extensive experience advising and representing parties in International Arbitration. Mr. Torterola represented Argentina before international arbitral tribunals and litigation proceedings in the landslide of commercial and investment arbitration disputes concerning primarily the complex issues that arose from the 2001/2002 economic, social and political crisis in his country. In that regard, he represented Argentina in more than 40 high-stakes large-size ICSID and UNCITRAL arbitrations (jurisdiction, merits and annulment phases) under the Argentine BITs with the United States, Germany, UK, Italy, France, the Netherlands, Chile, among others, spanning the water and sanitation, oil and gas, manufacturing, infrastructure and financial services industries.
More recently, Mr. Torterola has represented other Sovereigns in Latin America in international litigation and commercial and investment arbitration.
Previously, Mr. Torterola was a professional diplomat, counsel and Deputy Director of the Office of the Argentine Treasury Attorney General, Office that represents Argentina in international legal disputes. Subsequently, he was the Head of the Argentine Liaison Office before the International Centre for the Settlement of Investment Disputes (ICSID) at the Argentine Embassy in Washington, D.C (2006 – 2012). He has negotiated, on behalf of Argentina, the 2010 UNCITRAL Arbitration Rules and the World Trade Organization (WTO) Dispute Settlement Understanding. Mr. Torterola has also represented Argentina before the OECD Investment Committee and UNCTAD Investment and Enterprise Committee. He writes and teaches extensively on international law and international arbitration, and published a commentary Book to the 2010 UNCITRAL Arbitration Rules. He is Co-Director of International Arbitration Case Law (IACL).
Mr. Torterola is fluent in English, Spanish, Italian and has a good understanding and working knowledge of Portuguese. He has taught international arbitration and international law in the most prestigious universities worldwide.
International Arbitration,International Litigation
Tethyan Copper Company Pty Ltd. v. Government of Balochistan, Representing Balochistan in a case brought by a joint venture owned by Barrick Gold and Antofagasta Minerals regarding alleged breach of contract in denial of a mining lease.
Koch Minerals Sarl and Koch Nitrogen International Sarl v. Bolivarian Republic of Venezuela, Counsel to Venezuela in an annulment proceeding in a dispute that arose out of the alleged expropriation of the interests of the investor in a nitrogen-based fertilizer producer company.
Jindal Steel Bolivia S.A. v. Empresa Siderurgica del Mutun, Represented a Bolivian instrumentality and the State in a dispute in two related ICC arbitrations with an Indian mining company regarding rights related to a mining concession in Bolivia. After successfully defending the instrumentality's decision to execute one of the guarantees, we advised on the successful set aside of the portion of the award that invalidated the execution of the other guarantee.
Tethyan Copper Company Pty Ltd. v. Pakistan, Counsel to Pakistan in a claim brought by a joint venture owned by Barrick Gold and Antofagasta Minerals regarding the denial of a mining lease application in Pakistan.
Karkey Karadeniz Elektrik Uretim A.S. v. Pakistan, Counsel to Pakistan in annulment, revision, and enforcement proceedings related to one of the largest ICSID awards. After filing the first, successful second request for revision, the case settled with Pakistan paying no monetary compensation. The result saved Pakistan over USD 1.2 billion. We also achieved a stay of enforcement in the US courts, despite the ad-hoc Committee lifting the stay of enforcement, as well as discovery from the claimant's law firm pursuant to section 1782.
PDVSA Servicios S.A. v. Petrosaudi International Ltd., Counsel to an affiliate of the Venezuelan State-owned hydrocarbons company regarding a claim for damages related to the repair, maintenance, and operation of an offshore gas drilling rig.
Manuel Garcia Armas, et al. v. Bolivarian Republic of Venezuela, Represented Venezuela in proceedings regarding an alleged Spanish investment in the food sector in Venezuela. We obtained one of the first orders for a funded claimant to post a security for costs. The Tribunal later dismissed the claims in their entirety.
Saint Patrick Properties Corporation v. Bolivarian Republic of Venezuela, Representing Venezuela in a dispute arising out of the alleged nationalization of companies that provided oil support services.
Luis Garcia Armas, et al. v. Bolivarian Republic of Venezuela, Represented Venezuela in proceedings regarding an alleged Spanish investment in the food sector in Venezuela. We obtained one of the first orders for a funded claimant to post a security for costs.
Tenaris and Talta v. Bolivarian Republic of Venezuela (Tenaris I), Counsel to Venezuela in the annulment portion of the case, which involved the expropriation of a iron-processing facility in Venezuela.
Co-Author, “Argentina” in Latin America Investment Protections, 2012.
Author, Nuevo Reglamento de Arbitraje de la CNUDMI, 2011, Nuevo Reglamento de Arbitraje de la CNUDMI.
Author, “Book Review García Rubio’s On the Application of Customary rules of State Responsibility by WTO Dispute Resolution Organs”, 2004, Revista del Servicio Exterior.
Co-Author, “Investment Treaty Arbitration”, 2016, Latin Lawyer Guide to Infrastructure and Energy Investment.
Editor, “Tdm Latin America Special”, 2016, Transnational Dispute Management.
Editor, “The New ICC Arbitration Rules in Cases Involving States and State Entities”, 2012, Center for America and International Law.
Co-Author, “Investment Arbitration in Argentina”, 2012, Investment Arbitration in Latin America.
Author, “Multi-Tiered Investment Arbitration Clauses in Tratado de Derecho Arbitral”, 2011, Tomo I. Instituto Peruano del Arbitraje – Universidad Javeriana de Colombia.
Author, “Lawyers and Arbitrators ́ Conflicts of Interest: A State Lawyer Perspective”, 2011, Paris Journal of International Arbitration.
Author, “Los Institutos de la Emergencia en el Derecho Internacional y el Estado Argentino”, 2010, Revista Internacional del Arbitraje.
Author, “The Transparency Requirement in the New UNCITRAL Arbitration Rules: A Premonitory View”, vol. 1, no. 1, 2010, International Treaty News.
Author, “To Risk or Not to Risk? The State’s Perspective of Investor-State Dispute Resolution at the 20th Anniversary of ICSID”, 2009, Georgetown Journal of Law and Risk Management.
Author, “Notes on the Stay of Enforcement in ICSID Arbitration”, 2009, Transnational Dispute Management.
Author, “La Saga Continua: Comentario a las Decisiones Arbitrales en los Casos Continental C. Republica Argentina y TSA C. Republica Argentina”, 2008, Revista Arbitral Punto Medio.
Author, “Joint Ventures Contractuales y Societarias”, 1997, Revista del Derecho Comercial y de las Obligaciones: Edit. Depalma.
Author, “Cámaras Arbitrales de Cereales”, 1996, Revista del Derecho Agrario Argentino.
Universidad Nacional del Litoral, master’s degree
Università di Pisa, LL.M.
Instituto del Servicio Exterior de la Nación (ISEN) Argentina, master’s degree
Cornell University, LL.M.
World Trade Organization Institute, diploma