The announcement was made by the firm’s managing partner Camilo Martínez, who said the Bogotá-based firm seeks to be a leader in the arbitration practice in the country.
“Colombia was one of the first countries in Latin America to have an arbitration practice, and which is highly necessary given the country’s economic growth, and which has led to an increase in the number of new businesses and foreign investment.
As new businesses launch, the need for arbitration increases, either between private companies or private companies and the state, and with an increasingly global participation given the effects of globalization, Martínez said in an interview with law news portal Asuntos Legales.
This is what has motivated the firm to open its arbitration practice, he said.
“There are an increasing number of disputes that are resolved in international arbitration, because there is an increasing amount of foreign investment in Colombia thanks to the country’s economic opening up,” Martínez said.
“There are various firms in the country that have opened international arbitration practices, and we had previously worked with our dispute resolution team. However, in recent years we have noted that it was necessary to deepen the counsel that we can offer our local and foreign clients in dispute resolution that need to go to international arbitration,” he added.
“That need led us to seek the person that could help us form the best international arbitration practice in Colombia, and without a doubt Ricardo Alarcón is the ideal person to help us become leaders in the country, as one of the Colombian lawyers with the most experience in the matter.”
Alarcón has more than 10 years’ experience in the international arbitration and public international law sectors, and focuses his practice on both commercial and investor-state arbitration.
"I am confident that Ricardo’s extensive experience and network will bolster our litigation and arbitration team and will continue positioning DLA Piper as a leading law firm for international arbitration and litigation matters," Martínez said.
"Through our formalized international arbitration practice, DLA Piper Martinez Beltran will continue working closely with other DLA Piper offices around the world to provide top-quality, across-the-board services to our clients," he added.
Prior to joining DLA Piper Martinez Beltran, Alarcon worked in the International Arbitration group at Shearman & Sterling in Paris.
He received his law degree from Universidad de Los Andes, with honors, and holds an LLM degree in international legal studies from New York University School of Law, where he attended as a Hugo Grotius Scholar.