News

New partner joins Lopez Velarde, Heftye Abogados

01 March 2000

A new partner has joined the energy specialists Lopez Velarde, Heftye Abogados. Educated in Mexico and France, David Jiménez is former legal advisor to the General Counsel of Petróleos Mexicanos (the Mexican state-owned oil company) with regard to international transactions. His practice in Lopez Velarde, Heftye Abogados is focused on energy and infrastructure projects, as well as on mergers and acquisitions and foreign investment general practice.

Convention between Ecuador and Peru

01 March 2000

A Convention entered into by the governments of Ecuador and Peru in relation to reciprocal promotion and protection of investments has been published.

New Industrial Property Law - Legislative Decree 12-99-E

28 February 2000

Major changes approved by Congress to the Industrial Property Law became effective throughout Honduras from 28 February 2000.

Amendment to Work Code

28 February 2000

On 28 February 2000, law 7989 was published in the official gazette, reforming article 156 of the Work Code.

Law 334 authorises National Port Company to lease Puerto Cabezas' port facilities.

24 February 2000

The law was approved on February 24 and published in the Official Newspaper on March 16. It authorises the National Port Company to lease, by public bidding and for a 25-year period, the port facilities of Puerto Cabeza.

Torys recruits Latin American environmental law specialist

22 February 2000

Jeffrey Gracer, a specialist in Latin American environmental law, joined the firm on February 22, 2000 as partner in the firm's Latin American Practice Group. Gracer served as special environmental counsel to the Inter-American Investment Corporation. Gracer has lectured widely on Latin American environmental laws and the implications for foreign investors and lenders.

New Partner at Parra, Rodriguez & Cavelier Abogados

15 February 2000

In the middle of February Patricia Sawyer G. joined Parra, Rodriguez & Cavelier Abogados as part of its energy and natural resources practice. Ms Sawyer has more than 12 years experience working for various oil and gas companies in Colombia and Venezuela, including as in-house legal adviser for Lasmo Oil.

Andean Community of Nations discusses trademarks, patents and industrial secrets

01 February 2000

Representatives from Colombia, Venezuela, Peru, Ecuador and Bolivia failed to reach any agreement in their meetings in January and February in Lima, but it is expected that the Andean Community will in any case increase the protection afforded to Industrial Property.

SEPI takes over management of Aerolineas Argentinas

31 January 2000

On 31 January SEPI (an entity owned by the Spanish government) took over the operation of Aerolineas Argentinas from American Airlines and is now putting the finishing touches on a radical adjustment plan to deal with the US $800 million debt of the airline.

Financial and capital markets open to foreign investors

26 January 2000

Brazil's National Monetary Council (CMN) issued Resolution No. 2689, on January 26, 2000, which establishing the rules that will permit foreigners, corporations or individuals to invest directly in Brazil’s financial and capital markets under less rigid structures than formerly in place. As of March 31, 2000, foreign investors will be able to more freely invest in securities and fixed-income funds, and they will be allowed to easily move their funds between both positions.