Diaz Reus listed again among the world’s leading firms for corporate investigations by the Global Investigations Review GIR100

Diaz Reus International Law Firm has been included in the prestigious 2023 Global Investigations Review annual guide, the GIR 100.

The GIR comments: “Diaz Reus has worked on some high-profile money laundering and public corruption cases in Latin America including the representation of a bank in an undercover Drug Enforcement Administration operation. The firm has also been representing clients in Russia, China and Latin America who have been targeted by the US government for money laundering, human rights abuses and sanctions violations.

The firm has a busy practice advising many high-profile businesspeople in Latin America facing US money laundering investigations focused on crimes including sanctions evasion, foreign bribery and drug trafficking. Diaz Reus also regularly engages with the US Treasury Department’s office of foreign assets control (OFAC) and the State Department on behalf of foreign companies facing thorny US sanctions issues.

Diaz Reus has obtained plenty of work advising those caught up US investigations into corruption at Venezuelan state oil company Petróleos de Venezuela (PDVSA).

The firm advised Edoardo Orsoni, a former general counsel at PDVSA, who pleaded guilty for his role in a bribery scheme, GIR previously reported. In April 2021, Orsoni was sentenced to three years of probation, avoiding prison time.

Dias Reus also represented Hector Nuñez Troyano, a former PDVSA official who pleaded guilty in US court to participating in a bribery scheme involving Florida-based asphalt company Sargeant Marine, GIR reported in 2020. In 2020, the company settled with the DOJ and agreed to pay $16.6 million to resolve the charges. US prosecutors charged Nuñez, along with several other PDVSA officials, with taking bribes from Sargeant Marine’s executives.

The firm represented former Venezuelan treasurer, Alejandro Andrade, as he cooperates with the DOJ in a case brought against his successor, Claudia Patricia Díaz Guillén, and her husband, Adrián José Velásquez Figueroa. The pair were found guilty in December 2022 of accepting millions in bribes and moving the money through Florida.

As well as advising individuals in some of the biggest corruption probes on the DOJ’s books, the firm is helping affected Latin American governments and state-run entities recover lost assets.

Diaz Reus was hired by Juan Guaidó’s administration to locate and seize assets allegedly stolen from the Venezuelan government, and secure restitution in foreign bribery cases brought against former government officials under the regimes of late President Hugo Chavez and current President Nicolas Maduro.