News

Venezuela recognises electronic signatures

16 March 2001

Venezuela now has a Decree on Data Messages and Electronic Signatures which has the force of law.

Advisers innovate in UPS/Challenge Air deal

16 March 2001

United Parcel Service Co looks set to become the largest air cargo and express carrier in Latin America after two US firms with Latin American experience helped structure a deal enabling UPS to purchase the assets of Challenge Air Cargo throughout the region.

Telecom companies slug it out for Venezuelan mobile licences

16 March 2001

Results of the three rounds of Venezuela’s mobile licence sales are in, following the closing of the auction on February 21. The total amount obtained in the auction was US$20 million.

Uncertainty surrounds Mexican tax reforms

16 March 2001

Mexico is bracing itself for a round of tax and fiscal reform. The new administration of Vicente Fox says it wants to eliminate a number of special tax regimes and exemptions, and impose VAT tax on medicine and food for the first time.

New Brazilian firm assists with debenture launch

16 March 2001

A newly-established Brazilian firm has just assisted Companhia Petrolífera Marlim, a major local petroleum company, in pricing and issuing R$1 billion in debentures. The debentures duly secured a near-perfect rating from two ratings agencies.

US$100 million FRN from CableVisión SA

16 March 2001

Buenos Aires-based M&M Bomchil has acted as legal adviser on Argentine law for CableVisión, the largest cable televison service provider in Argentina, in the public offering of series 11 notes.

Von Wobeser y Sierra recruits ex-judge

16 March 2001

Mexican law firm Von Wobeser y Sierra, SC has recruited a high-profile ex-member of the Mexican judiciary as its newest member.

Salomon Smith Barney/Citigroup has completed the underwriting of an offering of notes issued by the Coffee Emergency Fund of El Salvador.

13 March 2001

Salomon Smith Barney/Citigroup has completed the underwriting of an offering of notes issued by the Coffee Emergency Fund of El Salvador.

Brazil sets out its stall in Atlanta

09 March 2001

At the forthcoming Georgia-Brazil business summit and trade tour in Atlanta, Georgia, Alston & Bird partner Timothy S Perry will moderate a panel discussion on ‘Private Sector Perspectives: Doing Business in Brazil’. Perry was appointed Honorary Consul of Brazil in Atlanta late last year.

Brazil's Vale do Rio Doce sells Bahia Sul

09 March 2001

Brazil’s Companhia Vale do Rio Doce (CVRD), the world’s largest iron company, and its subsidiary companies Florestas Rio Doce SA (FRD) and Itabira Rio Doce Company Limited (ITACO), have sold their stake in Bahia Sul, a paper and pulp group. Fifty per cent of voting shares were bought by Companhia Suzano de Papel e Celulose (Suzano). Suzano is being advised by Fabio Eduardo P Spina, Jose Carlos P Masago and their team of attorneys.