Simpson Thacher Negotiates $30M Peruvian Remediation Plan
By Gavin Broady (April 10, 2015, 7:42 PM EDT) -- When the renewal of a massive oil concession deep in the Peruvian Amazon offered the indigenous peoples living there a chance to air their grievances over decades of environmental damage, they turned to a Simpson Thacher & Bartlett LLP pro bono team to negotiate an unprecedented road map for remediation.
Working closely with local firm Ferrero Abogados, leaders from four indigenous peoples federations and their advisors, a Simpson Thacher team lead by partner S. Todd Crider helped secure a commitment of more than $30 million from the Peruvian government. The deal, which will help address the consequences of 40 years of...
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