Latest briefing e-mailLatest news


Uruguayan lawyers praise US$12 billion infrastructure plan amid funding concerns

The plan includes investment of US$2.3 billion in Uruguay's roads

Friday, 31 July 2015 by Thomas Muskett-Ford

The Vázquez administration’s record-breaking US$12.3 billion infrastructure investment plan to fund energy, transport and public sector works, aimed at boosting economic growth, has won widespread support from the country’s legal community for its ambitious targets, although some raise concerns about the plan’s economic feasibility and Uruguay’s lack of experience of public private partnerships.

Petrobras investigation widens to include Saipem

Friday, 31 July 2015 by Waithera Junghae

Italian oil company Saipem is the latest to be pulled into the Petrobras corruption scandal that has so far implicated companies around the world, such as Swedish construction company Skanska and UK engineering business Rolls-Royce.
Adolpho Julio de Carvalho and Felipe Bonsenso Veneziano

Doing the Deal: LATAM airlines issues region’s first aircraft-backed EETCs

Friday, 31 July 2015 by Thomas Muskett-Ford

Partner Adolpho Julio de Carvalho and associate Felipe Bonsenso Veneziano of Brazil’s Pinheiro Neto Advogados talk to Latin Lawyer about Latin America’s first aircraft-backed enhanced equipment trust certificates, issued by LATAM Airlines last month and made possible by Brazil’s ratification of the Cape Town Treaty on repossession of moveable property in 2013.

Entre Ríos retains Cabanellas Etchebarne and Tavarone Rovelli for notes issuance

Friday, 31 July 2015 by Thomas Muskett-Ford

Cabanellas Etchebarne Kelly has helped the northeastern Argentine province of Entre Ríos issue notes in two tranches worth US$44 million.

Trench Rossi and Porto Lauand guide US-Brazil packaging merger

Friday, 31 July 2015 by Lulu Rumsey

Brazil’s Trench, Rossi e Watanabe Advogados (in cooperation with Baker & McKenzie) has helped US packager Bemis acquire the rigid plastic packaging operations of its Brazilian counterpart, Emplal.

Fermaca obtains US$820 million for Mexican natural gas pipeline

The 465-kilometre pipeline will connect two powerplants in the northen states of Chihuahua and Durango

Thursday, 30 July 2015 by Lulu Rumsey

Latham & Watkins LLP and Galicia Abogados have helped Fermaca procure US$820 million in project financing to fund the construction of a pipeline in northern Mexico, the first natural gas pipeline to obtain funding since Mexico’s government passed new hydrocarbons legislation last year.

AT&T becomes major LatAm player following DirecTV merger approval

Thursday, 30 July 2015 by Thomas Muskett-Ford

Ten firms have helped US telecoms providers AT&T and DirecTV merge in a multibillion-dollar deal that significantly bolsters the companies’ presence in Latin America’s rapidly growing telecoms market.

Air Products ups stake in leading LatAm gas company

Thursday, 30 July 2015 by Thomas Muskett-Ford

US industrial gas company Air Products has retained Carey to increase its stake in Chilean counterpart Indura to 97 per cent by buying out the company’s largest other shareholder.

Pemex retains Galicia for notes issuance

Thursday, 30 July 2015 by Thomas Muskett-Ford

Mexican state-owned energy company Pemex has hired regular counsel Galicia Abogados to issue peso-demoninated notes in three separate tranches worth a combined US$475 million under a multi-billion dollar shelf registration programme established by the firm last year.

ICBC and Banco Itaú hire Marval for electricity loan

Thursday, 30 July 2015 by Thomas Muskett-Ford

Marval, O'Farrell & Mairal has helped the Buenos Aires branch of the Industrial and Commercial Bank of China (ICBC) and Banco Itaú Argentina provide a loan worth US$32 million to the Argentine subsidiary of US electricity provider AES.

Former Basham managing partner heads to boutique firm

Wednesday, 29 July 2015 by Thomas Muskett-Ford

Mexican tax lawyer Luis Ortiz-Hidalgo has moved to boutique firm Ortiz, Hernandez y Orendain, SC, where he has been made name partner, after reaching the mandatory age of retirement at Basham, Ringe y Correa.

UK drinks company swallows Brazilian counterpart

Wednesday, 29 July 2015 by Thomas Muskett-Ford

Brazil’s Lefosse Advogados has helped the Brazilian subsidiary of soft drinks producer Britvic acquire local juice concentrate producer Empresa Brasileira de Bebidas e Alimentos from its shareholders in a US$173 million deal that hands the UK-based company one of the largest drinks producers in the country.

Galicia steers Banco Monex issuance

Wednesday, 29 July 2015 by Thomas Muskett-Ford

Galicia Abogados has helped Mexican foreign exchange company Banco Monex establish a US$490 million shelf registration programme and complete its first issuance under the scheme with a US$65 million offering.

Zang Bergel steers Argentine notes issuance

Wednesday, 29 July 2015 by Thomas Muskett-Ford

Zang, Bergel & Viñes Abogados has acted as deal counsel in a US$15 million local issuance by Argentina’s BACS Banco de Crédito y Securitización.

Three firms steer rare Uruguayan project bond issuance

Punta de Rieles will increase Uruguay's incarceration capacity by a quarter

Tuesday, 28 July 2015 by Thomas Muskett-Ford

Guyer & Regules in Montevideo and Clifford Chance LLP in Madrid have helped Uruguay’s first-ever public private partnership (PPP) obtain finance worth US$90 million to fund the construction of the Punta de Rieles prison, involving a rare local issuance of project bonds.

Copyright © 2015 Law Business Research Ltd. All rights reserved. |

87 Lancaster Road, London, W11 1QQ, UK | Tel: +44 (0) 207 908 1188 / Fax: +44 207 229 6910 |