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Dramatic double arrest marks turning point for Lava Jato

Friday, 27 November 2015 by Thomas Muskett-Ford

The Petrobras probe is on course to envelop Brazil’s financial sector and the higher echelons of government following the surprise double arrest of a prominent ruling party senator and a respected banking CEO, say local lawyers.

Shearman and Milbank close US$1.1 billion US-Mexican pipelines financing

Friday, 27 November 2015 by Lulu Rumsey

Shearman & Sterling LLP’s New York and Washington, DC offices have helped a US-Mexican consortium building two natural gas pipelines from west Texas to the Mexican border obtain US$1.1 billion in funding from a syndicate of international banks.

Argentina codifies UN principles on sovereign debt into law

Friday, 27 November 2015 by Toby Luckhurst

Argentina has become the first country to pass a law adopting the UN’s recently approved Basic Principles on Sovereign Debt Restructuring Processes.

Peruvian court upholds cartel fines against medical oxygen suppliers

Friday, 27 November 2015 by Sonya Lalli

A regional administrative court in Peru has upheld fines imposed against three liquid and gas oxygen distributors, after the companies rigged supply bids to the country’s social health-care insurance programme.

Santander Río retains Pérez Alati for debt tap

Friday, 27 November 2015 by Thomas Muskett-Ford

Argentina’s Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) has acted as deal counsel for a US$52 million notes issuance by Banco Santander Río.
Henrique Vergara and Carlos Lobo

BM&FBovespa and Cetip merger talks continue

Thursday, 26 November 2015 by Lulu Rumsey

The proposed tie-up between Brazil’s BM&FBovespa and São Paulo clearing house Cetip would allow the pair to better compete against other Latin American bourses at a time of diminished investor confidence in Brazilian capital markets, but there are fears the combined exchange could end up stifling its competitive edge by levying higher costs on traders.

Brazilian authorities arrest senator and BTG Pactual head in Petrobras probe

Thursday, 26 November 2015

Federal police in Brasilia yesterday arrested Delcidio do Amaral, Workers’ Party senator and key ally of President Dilma Rousseff, on suspicion that he obstructed an investigation into corruption tied to the country’s state-controlled oil company Petrobras. Amaral is one of over 40 politicians under investigation in Operação Lava Jato for taking bribes.

CADE and local police raid suspected fuel cartel in Brasília

Thursday, 26 November 2015 by Mark Briggs

Brazil’s competition authority, alongside the police and the organised crime department of the public prosecutor, has conducted 42 raids across the country’s capital against an alleged fuel cartel.

Mattos Filho helps Camargo Corrêa sell Havaianas maker

Thursday, 26 November 2015 by Thomas Muskett-Ford

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped Brazilian industrial conglomerate Camargo Corrêa sell its 44 per cent stake in Havaianas flip-flop maker Alpargatas to meatpacker JBS for 2.6 billion reais (US$705 million).
Carlos Vasconsellos and Nestor Loizaga

Ferrere helps Leoni set up shop in Paraguay

Thursday, 26 November 2015 by Thomas Muskett-Ford

Ferrere (Paraguay) has helped German wiring company Leoni acquire a build-to-lease 12,000-square-metre industrial plant, structuring operations under the country’s tax-friendly maquila regime.

DR’s Wandelpool signs Pro Bono Declaration for the Americas

Yulibelys Wandelpool, Teófilo Rosario, Washington Wandelpool, Indhira Wandelpool and Yubelka Wandelpool

Free to view

Thursday, 26 November 2015 by Thomas Muskett-Ford

Dominican firm Wandelpool & Wandelpool has signed the Vance Centre’s Pro Bono Declaration for the Americas (PBDA), committing every lawyer at the firm to at least 20 hours of free legal aid per year.

Brazilian tech company expands

Thursday, 26 November 2015 by Lulu Rumsey

Brazilian firms Costa e Tavares Paes Advogados and Pereira Neto | Macedo Advogados have helped local consumer electronics maker Kenlex buy computer, smartphone and hardware manufacturer CCE.

Colombia and Peru’s PPP schemes get vote of confidence

Gianluca Bacchiocchi, Eli Davis, Robert Kartheiser, Ricardo Escobar, Jaime Pease and Manuel Quinche

Wednesday, 25 November 2015 by Thomas Muskett-Ford

Colombia and Peru’s PPP programmes may face institutional and political bottlenecks, but will continue apace next year, heard delegates at Latin Lawyer's 3rd Annual Regional Project Finance Summit in Washington, DC, last Wednesday.

Argentine nuclear plans in the lurch

Lorena Schiariti, Hugo Vivot, Federico Godoy, Luciano Ojea Quinta, Adolfo Duranona and Rafael Mariano Manóvil

Wednesday, 25 November 2015 by Lulu Rumsey

Argentina’s announcement of a US$15 billion nuclear power deal with China will allow the country to address energy shortfalls in the long term and beckons a windfall of work for the country’s energy lawyers, but it faces a possible adjustment by the country’s new president-elect, Mauricio Macri.

30 foreign companies under investigation in Brazilian Petrobras corruption probe

Wednesday, 25 November 2015 by Adam Dobrik

In total, 285 foreign companies are known to have done business with Petrobras officials or agents of the state-controlled oil company who are under investigation in the widening corruption probe known as Operação Lava Jato. Of those 285 companies, 30 are under investigation, a spokesperson for the Curitiba Prosecutor’s Office told Latin Lawyer’s sister publication, GIR.

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