Benjamin Barrat News Today

Leading international law firm Clifford Chance has advised BBVA and Bancolombia as lenders in connection with the COP$678,450,500,000 (approximately US$175 million) bridge financing for the construction of the first line of the Bogota Metro. The line will consist of a 24 kilometer viaduct with 16 stations along its route, integrating with Transmilenio, Bogotas bus rapid transit system.

In its decision in Sierra Leone v SL Mining Ltd,(1) the High Court confirmed that alleged non-compliance with the provisions of a multi-tiered dispute resolution clause (in particular, the submission of claims to arbitration prior to the end of a prescribed period of negotiation) is exclusively a matter of admissibility for the arbitral tribunal and cannot lead to a successful jurisdictional challenge under Section 67 of the Arbitration Act 1996. This decision confirms the scope of a London-se...