The firms specialize in complex international arbitration, construction and energy law
Fenwick Elliott, a UK-based construction and energy law firm, has formed an alliance with Chile's Molina Ríos, enhancing its Latin American legal services.
The alliance aims to merge the expertise of both firms in handling intricate international arbitration, construction, and energy law cases, positioning them to support clients' expansion across the dynamic Latin American market.
According to Fenwick, the collaboration arrives at a pivotal moment, as Latin America's construction sector is on an upward trajectory, projected to escalate from $675 billion in 2024 to over $840 billion by 2029. This growth is fueled by a surge in smart city initiatives and a pivot towards renewable energy sources such as solar, wind, and hydropower, attracting significant foreign investment. Consequently, the region presents growing opportunities for international construction and energy enterprises.
Fenwick Elliott arbitration partner James Cameron said, "We are delighted to announce our alliance with Molina Ríos, which brings together two pre-eminent firms for construction and energy law in our respective markets. This alliance makes us uniquely well-placed to service both our existing and new clients who are expanding their operations across Latin America, and we are hugely excited to be embarking on this collaboration."
Molina Ríos, based in Santiago, Chile, boasts a team of approximately 20 lawyers, including the projects partner, Víctor Ríos. He has extensive experience in over 400 megaprojects across Latin America, Ríos and is a leading litigator and advisor in contractual matters. He co-founded the firm 1995 alongside Carlos Molina, a commercial litigation expert and the head of the firm's insurance practice.
Víctor Ríos remarked on the synergy between the two firms, stating, "Fenwick Elliott has a lot of synergy with our firm. So, working together at a Latam level is natural for developing our project support and arbitration practices. Our intention is to build a long-term relationship, offering our clients a global presence in a complex and highly litigious industry. We are working on an ambitious joint business plan, focused on offering a service of the highest standard to our local and foreign clients."
Fenwick Elliott, headquartered in London, is a specialist construction and energy law firm. The firm expanded its international footprint by opening a Dubai office in 2015, serving as an international hub. Additionally, Fenwick Elliott maintains associated offices in New York and Copenhagen with local construction law specialists and is pursuing a license to operate in Saudi Arabia's economy.
