Mark Cymrot heads BakerHostetler’s International Disputes Practice, focusing on international and commercial arbitration and litigation. He is a member of the Panel of Arbitrators of the International Centre for Dispute Resolution (ICDR) and London Court of International Arbitration (LCIA), and chair of the Washington, D.C. Chapter of Chartered Institute of Arbitrators (CIArb).
Mr. Cymrot tried and won a $197 million jury verdict against Nelson Bunker Hunt and others for an international conspiracy among major brokerage houses, a Swiss bank and individual investors to manipulate silver prices.
He was worldwide lead counsel to the Republic of Peru in $10 billion in lawsuits in five countries brought by major international banks seeking repayment of sovereign debt and obtained several unprecedented decisions regarding restructuring sovereign loans. He is an Adviser to the Sovereign Immunity Section of the American Law Institute’s (ALI) Restatement Fourth, Foreign Relations Law of the United States. He was a member of the five-lawyer American Bar Association Working Group that prepared “Recommendations and Report on the U.S. Foreign Sovereign Immunities Act,” a comprehensive appraisal of the statute that provides the sole basis for jurisdiction in U.S. courts for lawsuits against governments and state-owned companies. The Working Group’s recommended amendments to FSIA were adopted by the ABA in August 2002.
His honors include the 2013 edition of Chambers USA: America’s Leading Lawyers for Business, Best Lawyers in America, Who’s Who in America, Who’s Who in American Law, Who’s Who in Asset Recovery Lawyers, Who’s Who Legal 100 for Asset Recovery Lawyers, an AV rating from Martindale-Hubbell and Best Attorneys in Washington, D.C.
Mr. Cymrot’s cases have involved a wide variety of commercial and financial matters, including fraud, securities, corporate investigations, antitrust, RICO, banking, real estate and a multitude of other issues.
Mr. Cymrot has extensive experience in international discovery issues and has successfully traced and recovered funds stolen from foreign individuals, companies and countries.
As an arbitrator and counsel in arbitrations, his matters include:
Mr. Cymrot has represented newspapers and TV stations in First Amendment actions. He represented Puerto Rico’s largest newspaper in a civil rights lawsuit against the Governor for attempting to suppress free speech and obtained summary judgment in an antitrust suit alleging the newspaper was monopolizing the printing market. His client was awarded summary judgment on libel claims arising from the book, Rock Hudson: Friend of Mine. He successfully defended major newspapers accused of libel by Vanna White’s husband and by a Chicago mayoral candidate.
He has published numerous articles on litigation and arbitration issues, including “Squeezing Silver,” Litigation, Journal of the ABA Litigation Section (Summer 1991); “What Peru’s Brady Deal Means to Rogue Traders,” Latin Finance (Sept. 1997); “Managing For Uncertainties In Central Bank Immunities,” International Monetary Fund Seminar (May 2000); “Barricades at the IMF,” The International Lawyer, Vol. 36, No. 4 (Winter 2002); “Expansion Of International Investment Claims Through The Use Of Most Favored Nation Clauses,” International Chamber of Commerce Annual Report (2003); “Protecting Investors: Can Government Stop The Music?” The Canadian-American Business Council and Center for Strategic and International Studies Program entitled “Investment and Trade Disputes: Government Apprehension and Institutional Failure” (June 6, 2004); “Investor-State Arbitration: Another Arrow In The Quiver,” Baker Hostetler International Team Newsletter, Vol. II, Issue 1 (Dec. 2004); “Welcome To The Jury System: Supreme Court Limits Sovereign Immunity For State Owned Companies,” Business Law International (Sept. 2005); “Investment Disputes with China,” Disputes Resolution Journal (August-October 2006); and “Cross-Examination in International Arbitration,” Disputes Resolution Journal (February-March 2007).
A frequent speaker on litigation, arbitration and sovereign debt issues, Mr. Cymrot has spoken at the Federal Reserve Bank of New York, the International Monetary Fund, the Inter-American Development Bank and American and International Bar Association conventions.
As Special Litigation Counsel in the Justice Department, Mr. Cymrot litigated major commercial lawsuits for the U.S. Government. His work resulted in a $17 million recovery from a major steel company and $11 million from a major photography equipment company for violations of the False Claims Act. He successfully defended the five bank regulatory agencies from a $330 million claim arising from the nation’s then largest bank failure, and he defended claims that arose when an organized crime task force informant misappropriated a $1.75 million certificate of deposit.
5/24/2013 - Chambers and Partners Recognizes 84 BakerHostetler Lawyers: Named a Leading Firm in 20 Practice Areas
1/15/2013 - Lawyer Monthly Interviews Mark Cymrot about Work within World of Asset-Tracing and Recovery
12/7/2012 - 173 BakerHostetler Attorneys Named 2012 Super Lawyers; 55 Named Rising Stars