Based in GST LLP’s Washington, D.C. office, Founding Partner Ignacio Torterola has a distinguished career of 25 years as a dispute resolution attorney. He has served as lead counsel, sole arbitrator, chairman and tribunal member in more than 70 high stakes international arbitrations. He has been named a “Leading Arbitration Practitioner” in Latin America and worldwide by Chambers Latin America, Chambers Global and Legal 500 annually since 2015.
Torterola has extensive experience in complex international law matters under the rules of arbitration of the ICC, ICSID, ICSID’s Additional Facility and UNCITRAL. His practice focuses on international litigation and commercial and investment arbitration specializing in water and sanitation, oil and gas, manufacturing, infrastructure, banking and financial services contracts and industry disputes.
Torterola has represented global companies, governments and private client parties in Latin America, Europe, Asia, Africa and the Caribbean. Currently, he is lead counsel in two ICSID cases: one involving a mining case in Guatemala, the other pertaining to a major construction arbitration case in the Dominican Republic. Acting on behalf of the Government of Pakistan, Torterola handled one of the largest ICSID and ICC cases successfully defending the country in the annulment and revision proceedings leading to the zero settlement of a USD 1.2 billion investment dispute. He represented an oil company in a case involving an off-shore drilling contract, and he successfully defended a state actor in two successive international proceedings, obtaining favorable orders from the tribunal to disclose a funding agreement and secure costs. Torterola also played a pivotal role in a dispute that removed more than 10 billion dollars of fake bonds allegedly issued by a Latin American country from circulation.
Formerly, he defended Argentina, Bolivia and Ecuador against investment disputes and has trained government officials from these and other countries under the auspices of the United Nations Conference on Trade and Development (UNCTAD). He is a frequent lecturer and teacher at Columbia University Center for Sustainable Investment (CCSI) training foreign government officials to prevent and defend themselves against investment disputes. Torterola has served as a diplomat and as the Government of Argentina’s representative to ICSID (2006-2012). He negotiated on behalf of Argentina in the 2010 Arbitration Rules, the ICC Rules for Disputes involving states and states’ entities (2012), and he represented Argentina before the WTO, the UNCTAD investment committee and the OECD Investment Committee.
He is a member of ICC’s Latin American group, Co-Director of International Arbitration Case Law (IACL), and he appears on UNCTAD’s list of Investment-State Dispute Settlement Specialists.
Confidential, Currently representing a Latin America State in an ICSID arbitration (Annulment Proceedings) and in an ICSID Additional Facility Mechanism arbitration.
Confidential, Representing a consortium in an ICC arbitration against a large contractor in a dispute arising out of the breach of an EPC contract for the construction of port facilities in Colombia.
Confidential, Advising State and its instrumentality in the enforcement of a foreign judgment in the territory of another State.
Confidential, Lead Attorney in an ICC arbitration against a State-owned company in the mining sector. The arbitration was both treaty and contract-based.
Confidential, Representing state-owned telecommunications company in an arbitration under the UNCITRAL Arbitration Rules against a Florida company under the auspices of the ICC.
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.
Longreef Investments A.V.V. v. Bolivarian Republic of Venezuela, Representating Venezuela in an annulment proceeding in a dispute that arose out of the alleged expropriation of a coffee company.
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.
Agroinsumos v. Bolivarian Republic of Venezuela, Representing Venezuela in a claim brought by an allegedly foreign investor for supposed investments in the food sector.
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 II), Representing Venezuela in an ICSID annulment proceeding regarding the expropriation of an iron-processing plant.
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, The Arbitration Review of the Americas 2021, Chapter: "Concession Contracts in Times of Crisis". Co-authors Quinn Smith, Diego Brian Gosis, and Ignacio Torterola, 2020.
Co-author, International Arbitration Laws and Regulations 2021, Chapter: "Concession Contracts in Times of Crisis". Co-authors Quinn Smith, Diego Brian Gosis, and Ignacio Torterola, 2021.
Co-Author, The Better Way Forward: Investor-State Dispute Strategies, 2019, ICLG.com.
Co-Author, “Investor-State Disputes in Africa”, 2019, ICLG.com.
Co-Author, “The Guide to Infrastructure and Energy Investment” 3rd ed., 2018, Latin Lawyer.
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