News

Rodrigo, Elías advises Allianz Capital and Goldman Sachs in a major acquisition

01 June 2001

Rodrigo, Elías & Medrano Abogados acted as Peruvian counsel for Allianz Capital Partners and Goldman Sachs in their global acquisition of Messer Griesheim GmbH, which closed on April 30.

Ferrere Lamaison counsels on setting-up of investment fund

01 June 2001

Ferrere Lamaison was chosen by ABN AMRO to act as counsel in the setting-up of an investment fund based on loans granted by the Banco Hipotecario del Uruguay (BHU).

New managing partner for Uría & Menéndez in Argentina

01 June 2001

Eduardo Rodríguez-Rovira has been appointed managing partner for Uría & Menéndez in Buenos Aires. He will be based at the offices of Uría’s local alliance partner, Marval, O’Farrell & Mairal.

New public offerings regime creates greater transparency

01 June 2001

On May 22, Decree 677/2001 on Transparency and Better Practices in the Capital Markets (‘the Decree’) was issued, amending the public offering regime in Argentina.

Uruguay's new competition regulations

01 June 2001

Under new Uruguayan antitrust legislation, there are no pre- or post-merger notification requirements, and no duty to notify.

Court decision throws timing of merger filings into question

01 June 2001

A recent Brazilian Federal Court decision has once again created uncertainty about the precise timetable for merger control notification under Brazilian antitrust law. The Brazilian Antitrust Agency (CADE) currently requires that merger control notifications be submitted no later than 15 business days after the execution of the ‘first binding document’.

Government seeks double taxation agreements

01 June 2001

On May 23 a draft ‘Proposal for a Peruvian Model Agreement on Avoiding Double International Taxation and Preventing Fiscal Evasion’ was published in the Peruvian Official Gazette.

Colombia likely to ratify air convention

01 June 2001

Colombia has never ratified the 1948 Geneva Convention on the International Recognition of Rights in Aircraft.

Merger mania hits Uruguayan pension funds

25 May 2001

Capital Afap SA and Unión Afap SA, two leading players in Uruguay's pensions market, have announced their impending merger. It is the first ever deal between Uruguayan pension fund administrators.

New value of the tax unit in Venezuela

25 May 2001

On April 24, 2001 (GO 37,183), the SENIAT issued Ruling N° SNAT/2001/529 increasing the value of the Tax Unit from Bs. 11,600 to Bs. 13.200 (approximately 18 US$). The increase entered into effect on the date of publication of the Official Gazette.