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China’s BoCom acquires majority stake in Banco BBM to enter Brazil

This is the first overseas acquisition by China's Bank of Communications

Tuesday, 26 May 2015 by Toby Luckhurst

Dias Carneiro, Arystóbulo, Flores, Sanches and Thomaz Bastos Advogados in São Paulo and Shearman & Sterling LLP in Beijing, São Paulo and Singapore have helped China’s Bank of Communications (BoCom) acquire 80 per cent of the shares in Brazil’s Banco BBM for a reported US$173 million.

US courts refuse discovery in Panama Canal case

Tuesday, 26 May 2015 by Richard Woolley and Sebastian Perry

Two US courts have refused to grant the consortium building the extension of the Panama Canal access to documents that could support its ICC claim against the Panama Canal Authority, holding that section 1782 of the United States Code does not apply to private arbitrations.

Cayman holding company obtains loan to buy Colombian energy assets

Tuesday, 26 May 2015 by Toby Luckhurst

Posse Herrera Ruiz has advised Banco Colpatria, Banco Davivienda, Bancolombia Panamá and Bancaribe Curaçao Bank with a US$140 million loan to the Cayman-based holding company of TPL Group.

Banco Comafi retains Pérez Alati for notes issuance

Tuesday, 26 May 2015 by Toby Luckhurst

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) has helped Buenos Aires commercial bank Banco Comafi issue notes worth US$22.5 million.

Bayport Colombia taps IDB for loan

Tuesday, 26 May 2015 by Toby Luckhurst

Santiago Jaramillo Villamizar y Asociados in Bogotá and Alvarez-Arrieta & Diaz Silveira LLP in Miami have helped the Colombian arm of personal finance company Bayport obtain a loan from the Inter-American Development Bank (IDB) worth US$50 million.

Rosneft acquires remaining stake in Solimões basin project from PetroRio

Rosneft now has 100 per cent control of the onshore Amazon leases

Friday, 22 May 2015 by Toby Luckhurst

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in Rio de Janeiro and São Paulo, and DLA Piper LLP in Moscow, have helped the Brazilian subsidiary of Russian state oil company Rosneft buy the remaining stake it did not already own in the Solimões onshore oil and gas exploration project from Brazilian oil company PetroRio.

SunEdison increases Latin American footprint with energy assets purchase

Friday, 22 May 2015 by Toby Luckhurst

SunEdison, the world’s largest renewable energy company, has turned to Veirano Advogados in Rio de Janeiro and São Paulo, Akin Gump Strauss Hauer & Feld LLP in Washington DC, Uría Menéndez in Madrid, Estudio Echecopar member firm of Baker & McKenzie International in Lima and Ferrere (Uruguay) in Montevideo to buy energy assets in Brazil, Peru, Chile, Uruguay, India, China and South Africa with a combined total capacity of 757 megawatts.

Early-bird tickets still available for Latin Lawyer’s 4th Annual Corporate Finance Conference

Free to view

Friday, 22 May 2015

In-house counsel from the New York Stock Exchange, São Paulo’s BM&F BOVESPA and US asset manager QFR Capital Management will all be speaking at Latin Lawyer’s 4th Annual Corporate Finance Conference, to be held on 8 June in New York.

Chilean power company refinances debt with notes issuance and loan

Friday, 22 May 2015 by Toby Luckhurst

Chilean power plant owner Empresa Eléctrica Guacolda, a subsidiary of AES Gener, turned to local firm Claro & Cía and Shearman & Sterling LLP in New York to refinance its debt via a syndicated loan and a debt issuance.

Mijares Angoitia, Galicia and Ritch Mueller in Mexican windfarm financing

Friday, 22 May 2015 by Toby Luckhurst

Mijares, Angoitia, Cortés y Fuentes SC has advised the lenders Banorte, Grupo Financiero Banorte and North American Development bank - who took additional advice from Holland & Knight (Mexico) - with two loans worth US$100 million each to Mexican energy company Grupo Gemex, to fund construction of two windfarm projects in the north-eastern Mexican state of Tamaulipas on the US border.

Creditors approve US$1.3 billion restructuring of Brazilian energy and infrastructure group

Thursday, 21 May 2015 by Toby Luckhurst

Felsberg Advogados has helped Brazilian infrastructure and energy company Inepar Group with their restructuring plan, thought to be one of the largest reorganisation plans filed last year.
Paulo Coelho da Rocha

Demarest partner elected Lex Mundi Chair

Thursday, 21 May 2015 by Toby Luckhurst

Global law firm association Lex Mundi has elected Demarest Advogados partner Paulo Coelho da Rocha as chair of the law firm alliance network.

US glass manufacturer snaps up Mexican container business

Thursday, 21 May 2015 by Toby Luckhurst

Cleary Gottlieb Steen & Hamilton LLP in New York and Washington, DC have assisted Mexican glass manufacturer Vitro in the sale of their glass container division to American company Owens-Illinois for US$2.15 billion.

El Dorado taps lenders for loan refinancing

Thursday, 21 May 2015 by Toby Luckhurst

Brigard & Urrutia Abogados in Bogotá and Paul Hastings LLP in New York have helped Opain, El Dorado airport concessionaire, refinance a loan worth US$500 million used to modernise Colombia’s biggest airport.

Tavarone Rovelli helps Mendoza province issue short term notes

Thursday, 21 May 2015 by Toby Luckhurst

Tavarone, Rovelli, Salim & Miani – Abogados has acted as deal counsel helping the Argentine province of Mendoza issue short-term treasury notes worth US$225 million.

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