News

From free trade to arbitration

26 January 2006

Estudio Correa Gubbins held a seminar in Santiago on 6 January examining the future of international commercial arbitration in Chile, particularly with relation to commercial links with China.

Loan granted to Molymet

26 January 2006

Chilean company Molibdenos y Metales (Molymet) has been granted a US$119 million syndicated revolving credit facility by a group of banks.

Chilean fish producer aims for US market

26 January 2006

Chilean fish producer AquaChile has acquired 60 per cent of Costa Rican rival Grupo ACI, the largest producer of fresh tilapia for the US market. The value of the deal, which closed on 8 December, has not been disclosed.

Money raised for Colombian development

26 January 2006

The Inter-American Investment Corporation has publicly offered Colombian peso-denominated bonds worth COP$150 billion (US$65 million) in the local capital markets, to raise money for regional microenterprises.

CADE at full strength

26 January 2006

For the first time in three years, Brazil's competition tribunal, CADE, has a complete set of senior staff. Its seventh commissioner, Abraham Benzaquen SicsĂș, was sworn in on 18 January.

Von Wobeser appointed vice-chair of ICC

19 January 2006

Claus Von Wobeser, partner at Von Wobeser y Sierra SC in Mexico, has been appointed a vice-chairman of the ICC's International Court of Arbitration. His three-year term began on 1 January.

Venezuela takes back control of oilfields

19 January 2006

Venezuela has taken state control of 32 oilfields as of 1 January. The change is expected to bring the government increased revenues, although some fear it could damage investor confidence in the country.

What lies ahead for Bolivia?

19 January 2006

On Sunday, Bolivia will inaugurate its first indigenous president, Evo Morales. But the Bolivian bar are watching the new leader closely, concerned about where he will lead the Bolivian economy.

Landmark decision in Venezuelan competition

19 January 2006

Venezuela's competition authority, ProCompetencia, has found that mobile phone company Movistar did not breach competition rules in an advertising campaign.

Braskem creates second receivables fund

19 January 2006

Brazilian petrochemical group Braskem has created a second credit rights investment fund, Chemical FIDC II, able to acquire receivables up to a value of R$800million (US$375 million).