News

Bruchou and Marval, O'Farrell advise in dairy JV deal

18 May 2001

Sancor CUL and Arla Foods, the leading dairy cooperatives in Argentina and Denmark respectively, are forming a joint venture to produce whey-based foods in Córdoba, Argentina. Once the plant is operating it will be the largest whey plant in Latin America. The project is being financed by Rabobank of the Netherlands and Germany’s DEG Bank.

Study confirms Bolivia's vast oil and gas potential

18 May 2001

A recent study rates Bolivia as the second-largest natural gas producer in South America, behind Venezuela. The country’s proven reserves for the year 2001 total around 46.8 trillion cubic feet (tcf). Of this, 7.9 tcf is destined for the Brazilian market, 1.2 tcf for the Cuiaba Power Plant Project and 1.2 tcf for domestic consumption. Some 36.3 tcf is therefore still available for distribution.

Felsberg expands through merger

18 May 2001

Brazilian corporate law firm Felsberg e Associados has merged with the law offices of Carlos Miguel Aidar, to become Felsberg, Pedretti, Mannrich e Aidar Advogados.

Hughes Hubbard scoops Panama deal

18 May 2001

Hughes Hubbard & Reed LLP has just helped Primer Banco Del Istmo, the largest bank in Panama, with an issue of US notes.

Argentina's new broadcasting bill

18 May 2001

A draft of a new Broadcasting Law (DBL) was put before Congress in early May and is expected to be debated and passed this year.

King & Spalding & Creel Garcí­a assist in Home Depot deal

18 May 2001

King & Spalding and Creel, García-Cuéllar y Müggenburg have assisted in the purchase by the world’s largest home improvement retailer, The Home Depot, of Total Home, a chain of similar home improvement stores in Mexico. The cash purchase price was undisclosed.

Levy & Salomão advises on mining deal

18 May 2001

Brazil’s Cia.Vale do Rio Doce (CVRD), the world’s largest iron ore producer and exporter, has bought Ferteco Mineração SA from Germany’s Thyssen Krupp Stahl AG. Thyssen is, among other things, Europe’s biggest flat-steel producer.

Company directors may 'attend' board meetings via teleconferencing

18 May 2001

The Chilean Superintendency of Securities and Insurance (SVS) has issued Circular No. 1,530 (‘Regulation 1530’) implementing the provisions of the recently amended Article 47 of the Law on Stock Corporations, under which directors of Chilean stock corporations will be allowed to attend board meetings via teleconferencing.

MetroGAS SA issues US Floating Rate Notes despite financial crisis

18 May 2001

In one of the few financial deals to survive Argentina’s current financial misery, MetroGAS SA, the country’s largest gas distributor, has gone ahead with an offering of US$130 million in Floating Rate Notes.

Cariola advises Shell on purchase of forestry business

18 May 2001

Chilean firm Cariola Diez Pérez-Cotapos & Cía Ltda has helped an affiliate of Royal Dutch Shell to buy the assets of the Chilean forestry business Inversiones Forestales CCA SA.