Raul R. Herrera concentrates on international matters, with particular emphasis in international corporate and financing transactions in Latin America and the Caribbean. For more than 25 years, Mr. Herrera has been involved in transactions in every country of Latin America and many of the Caribbean on behalf of a wide variety of clients, including private, public, and multilateral entities. Raul represents lenders (including multilateral and bilateral agencies, as well as commercial banks), host governments, and sponsors with the development and financing of projects and private equity funds across a wide range of industry sectors. He is knowledgeable of deal structures, procedural requirements and policy directives of agency lenders. With the depth of his regional experience, Mr. Herrera is often called to resolve client disputes throughout Latin America. Previously he served as the general counsel of the Inter-American Investment Corporation, the private sector multilateral financial institution affiliated with the Inter-American Development Bank. In additional, Raul has experience in international arbitration matters. He speaks Spanish and is conversant in Portuguese.

Mr. Herrera is a frequent speaker on such topics as project finance, international arbitration, and the economic development of and investment opportunities in Latin America and the Caribbean.

Experience

  • Dominican Republic as respondent in two investor-state arbitrations filed before the ICSID and UNCITRAL regarding alleged breaches of DR-CAFTA, the international investment treaty.
  • African Republic in the settlement of a US$1 billion oil concession dispute before the Permanent Court of Arbitration and negotiation of a 40 million barrel oil concession agreement with an Asian state-owned oil company.
  • Claimant in Karkey Karadeniz Elektrik Uretim A.S. v. Islamic Republic of Pakistan in an ICSID arbitration.
  • International mining services company as claimant in an ICC matter against an African state for a US$458 million breach of contract claim.
  • Vietnamese company in an ICC claim against a US state university in a breach of contract claim involving extension education programs.

  • Sovereign client as respondent before the ICC in a breach of contract claim filed by a Brazilian ethanol manufacturer which we successfully settled.
  • Dominican Republic as respondent in Concesionaria Dominicana de Autopistas y Carreteras v. Dominican Republic in an ICC arbitration of US$450 million based on a toll highway concession contract (and related claims filed under ICSID and UNCITRAL).
  • Venezuelan hotel consortium in an International Centre for Dispute Resolution (ICDR) arbitration filed by a major US hotel operator which we successfully settled.

Perspectives

Cuba Update: Obama Administration Makes Further Policy Changes
Arnold & Porter Advisory
Obama Administration Continues Loosening Cuba Sanctions
Arnold & Porter Advisory
Obama Administration Expands Opportunities for Economic Engagement and Other Exchanges Between the U.S. and Cuba
Bloomberg BNA's International Trade Reporter
The Role of Multinational Corporations within the United Nations' Post-2015 Agenda on Sustainable Development
Inter-American Bar Association Executive Council Meeting, Washington, DC
New Regs, Old Roadblocks For US Banks and Telecom In Cuba

Banking Law360. Also ran in International Trade Law360, Public Policy Law360, Retail & E-Commerce Law360, and Telecommunications Law360. New York

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Recognition

Included in Vida y Exito Magazine’s “Dream Team Legal: Extraordinary Lawyers who Contribute to the Economic Development of the Central American and Caribbean Region” 2016

Named one of Latino Leaders Magazine’s “25 Most Influential Hispanic Lawyers” 2015

Euromoney Banking Finance and Transactional Expert Guide 2013-2014 for Project Finance

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Credentials

Education
  • JD, The George Washington University Law School, 1984
  • BA, George Washington University, 1981
Admissions
  • District of Columbia
Activities
  • Founding chair of the Board of Directors of CODESPA AMERICA; Board of the Inter-American Bar Association; Advisory Council of the Latin American Studies Program and the International Council of GWU's Elliott School of International Affairs; Advisory Council to the School Superintendent of the Catholic Diocese of Arlington; Chair of the Investment and Finance Committee of the DC Bar; Advisory Board of the Hispanic College Fund; member of the Advisory Committee, American Bar Association's Latin American Legal Initiatives Council, Council of the America's Trade Advisory Group, Latin American Regional Counsel Committee, International Bar Association, Latin American Venture Capital Association (LAVCA) and its Professional Standards Committee, Southern Florida Regional Corporate Counsel Group and of the Steering Committee of the Choral Arts Society's Martin Luther King Jr. Annual Tribute.

  • Board of Directors of Counterpart International; Board of Advisors of the Inter-American Dialogue's Energy Adviser and the GWU Law School’s Latin Law Alumni Association; and member of the John Carroll Society. 

Languages
  • Spanish
Overview

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