News

New powers for CAMEX

02 March 2001

Brazil's Chamber of Foreign Commerce, the Câmara de Comércio Exterior (CAMEX), has been given new powers to fix import and export rates, establish anti-dumping and compensatory duties, as well as implement safety measures.

Creel, García-Cuéllar y Müggenburg, SC advises in telecom joint venture

02 March 2001

PanAmSat Corporation is to use PanAmSat satellites in order to provide satellite-based telecommunications services in Mexico in a joint venture with Corporativo W Com, SA de CV. The sums involved in the deal are as yet undisclosed.

Pérez Alati advises banks backing Telecom Argentina's mobile plans

02 March 2001

Pérez Alati, Grondona, Benites, Arnsten & Martínez de Hoz has successfully advised the lending consortium behind Telecom Personal’s recently-announced expansion plans. The mobile services division of Telecom Argentina has agreed to invest US$284 million in 2001 on expanding and improving its mobile telephony services.

Creel, Garcí­a-Cuéllar advises on cigarette securitisation

02 March 2001

Creel, García-Cuéllar y Müggenburg, SC is acting as counsel to the borrower, Cigarrera La Moderna SA de CV, and the guarantor, British American Tobacco Plc, in the securitisation of a loan worth over US$100 million, granted by BBVA Bancomer.

Free competition for Uruguay's telecoms market

02 March 2001

Uruguay has passed a new law abolishing the state monopoly over telecommunications services and creating a watchdog for the telecoms sector.

Conam to publish bidding rules on power distributors

23 February 2001

Shearman & Sterling is acting as legal counsel to Ecuador’s privatisation committee Conam in the privatisation of 18 regional power distributors in the country.

Sale of TransCanada natural gas assets in Argentina, Chile and Brazil

23 February 2001

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz represented TotalFinaElf in the acquisition of TransCanada´s natural gas transmission assets in Argentina, Chile and Brazil in a US$ 440 million transaction.

Repsol-YPF sells 36 per cent of Trasandino pipeline to Alberta Energy

23 February 2001

Marval, O’Farrel & Mairal is acting as legal counsel for Canada’s Alberta Energy Co (AEC) in the purchase of 36 per cent of the stake in the Trasandino Chile-Argentina crude oil pipeline held by Spanish-Argentine oil company Repsol-YPF.

Lawyers help draw up derivatives regulation

23 February 2001

Levy & Salomão Advogados attorneys have been helping to frame a draft regulation on derivatives transactions which has been submitted to the Central Bank of Brazil.

Baker & McKenzie gains new partner for its Colombian office

23 February 2001

Juan Pablo Godoy is joining Baker & McKenzie in the Bogota office as the head of the Tax Practice Group.