Damasia Klix Saravia

Damasia is an associate in our Buenos Aires office. She was part of the team of the University of San Andrés that obtained the third place in the Foreign Direct Investment (FDI) Moot in 2022 and coaches the University’s team for the FDI Moot.

• Representing Deutsche Lufthansa AG in an UNCITRAL arbitration against Venezuela (PCA Case No. 2022-03) under the Germany-Venezuela BIT. Claim related to measures taken by Venezuela which affected the comany’s investments in the airline industry. The amount in dispute is over US$280 million. The arbitration is ongoing.
• Representing Diamante Trading Investments Ltd. and othersin an UNCITRAL arbitration against Venezuela (PCA Case No. 2019-49) under the Barbados-Venezuela and Spain-Venezuela BITs. Claim related to measures taken by Venezuela that affected the claimants’ investments in the food distribution sector. The arbitral tribunal rendered an award of over US$ 165 million in favour of the investors, including full legal costs.
• Representing María de la Concepción Felipe Velázquez and othersin an UNCITRAL arbitration against Venezuela under the Spain-Venezuela BIT. Claim related to measures taken by Venezuela which affected the claimants’ investments in the dairy production and distribution sector. The amount in dispute is confidential. The arbitration is ongoing.
• Representing Continental Towers Latam Holdings Limited (nominal respondent) in an arbitration brought by Telecom Business Solution LLC and other against Terra Towers Corp and others (ICDR Case No. 01-21-0000-4309). Arbitration under the AAA Commercial Arbitration Rules concerning a derivative suit between the shareholders of the company.  The arbitration is ongoing.
• Representing two Colombian companies in an ICC arbitration against a Colombian company and a United States company in connection with the termination of long-term agreements concerning the maintenance of mining equipment. The amount in dispute is confidential. The arbitration is ongoing.