WASHINGTON, D.C. – July 19, 2019 – Global law firm Greenberg Traurig, LLP’s client Tokyo Electric Power Company Holdings, Inc. (TEPCO) prevailed in its ICC arbitration with a subsidiary of Canadian mining conglomerate Cameco Corporation. The International Chamber of Commerce (ICC) Tribunal denied 94 percent of the $700 million in damages Cameco Inc. was seeking for TEPCO’s termination of a uranium supply agreement.
Shareholder Thomas G. Allen led the Greenberg Traurig team along with Associates Andrew Van Duzer, Daniel E. Parga, and Mitsuru Tadatsu. The firm partnered on the matter with Hughes Hubbard and Reed.
This is the second victory for GT’s International Arbitration team on behalf of Japanese companies in the past eight months. This same team achieved a Japan Commercial Arbitration Association win for a renewable power plant developer in late 2018. Allen and Van Duzer, who joined Greenberg Traurig in early 2018, previously were involved in the defense of a $7 billion arbitration claim brought before the ICC related to the shutdown of a nuclear power generating station in California. That case concluded in 2017 and is among the largest commercial disputes to ever involve a Japanese company in international arbitration.
Allen’s practice focuses on international arbitration and cross-border disputes. He represents clients in a variety of industries with an emphasis on energy, manufacturing, construction, and aviation. Allen shares time between the firm’s Washington, D.C., Tokyo, and Shanghai offices. He was recently named vice-chair of the Dispute Resolution and Arbitration Committee of the 1,500-member Inter-Pacific Bar Association. Allen has wide-ranging experience in high-value international and U.S. arbitrations. He also litigates the enforceability of arbitration clauses and arbitration awards in U.S. Courts.
Van Duzer focuses his practice on arbitration and litigation matters related to energy. He represents clients in arbitration proceedings and has assisted with regulatory proceedings at the U.S. Nuclear Regulatory Commission and other agencies. He has previously advised clients on laws, regulations, and export controls impacting U.S. civil nuclear cooperation with foreign nations. Van Duzer also has experience negotiating bilateral treaties concerning nuclear commerce and nuclear non-proliferation commitments.
Parga focuses his practice on many aspects of international trade and investment, including the representation of companies and foreign governments in trade remedy proceedings before the U.S. Department of Commerce, the U.S. International Trade Commission, and the U.S. Court of International Trade. His experience also includes representing governments in the negotiation of free trade agreements, as well as acting on behalf of companies, investors, and national governments in international arbitration proceedings conducted under the rules of the International Centre for Settlement of Investment Disputes and the International Chamber of Commerce.
Tadatsu focuses his practice on general corporate, litigation, employment law, intellectual property, and mergers and acquisitions matters.
About Greenberg Traurig’s International Arbitration & Litigation Practice: Greenberg Traurig’s International Arbitration & Litigation Practice assists clients in navigating international conflicts, whether conducting high-stakes litigation or transnational arbitration, enforcing foreign judgments and arbitral awards, or designing creative procedures and contract provisions to minimize disputes or resolve them as efficiently as possible.
About Greenberg Traurig, LLP: Greenberg Traurig, LLP (GT) has approximately 2100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.