Eugenie Caroit is an associate in the Paris office of Latham & Watkins. She focuses on international investment arbitration and international commercial arbitration. Ms. Caroit has acted in international arbitrations conducted under the ICSID, ICC, and LCIA rules with a focus on disputes involving Latin America.
Ms. Caroit acts for clients across a broad spectrum of sectors, including oil and gas, energy, construction, and pharmaceuticals. She operates in English, French, Spanish, and Portuguese, in a range of geographic locations including South America, Europe, and the United States. Ms. Caroit is currently acting as tribunal secretary in an ICC arbitration.
Ms. Caroit’s experience includes advising:
- A Global Pharmaceutical Group in a dispute regarding claims of alleged failure to pay a milestone allegedly fallen due under a License and Development Agreement. The arbitration was seated in Geneva, governed by New York law, and conducted in English. Latham successfully defeated the initial claim for alleged failure to pay the milestone, by demonstrating that the milestone had not fallen due. The Tribunal’s award, rendered on 18 December 2019, was consistent with Latham’s advice to the client, which was in a position to gauge and hedge its risk accordingly.
- A state-owned South American oil and gas company as respondent in two LCIA arbitrations seated in London, brought by a South American oil and gas company involving complex claims under a Joint Operating Agreement regarding an incident in an FPSO and an aborted offshore well workover operation. Latham secured a successful settlement for both cases.
- A Latin American State in an UNCITRAL arbitration brought by an investor concerning the alleged elimination of tax benefits in the oil and gas mid-stream industry and the alleged violation of the FET standard and stability clauses in an investment contract for the construction and operation of an oil pipeline.
- A consortium of six electromechanical suppliers in ICC proceedings in Sao Paulo, under Brazilian law and arbitrated in Portuguese, in a substantial construction arbitration against the owner of a major hydroelectric project and the main contractor.
- The Republic of Colombia in an ICSID arbitration brought by Eco Oro Minerals Corp under Chapter 8 of the Canada-Colombia FTA relating to the adoption of certain regulatory measures in the mining sector for the protection of unique, high-altitude páramo (moorland) ecosystems.