News

New York and São Paulo firms on track with railway company equity offer

18 October 2017

Davis Polk & Wardwell LLP in São Paulo and New York and Lefosse Advogados in São Paulo have provided counsel to Brazilian logistic company Rumo for a 640 million Brazilian reais (US$202 million) follow-on public offering.

Colombian liquidator seeks Miami recognition over alleged Ponzi scheme

Colombian liquidator seeks Miami recognition over alleged Ponzi scheme

17 October 2017

The Colombian liquidator of a group of companies that allegedly defrauded investors out of US$220 million has asked a Miami court to grant Chapter 15 recognition to Colombian insolvency proceedings for the wife of its former director, after officials in the country linked her to the Ponzi scheme. 

Total snaps up Argentine renewable assets

17 October 2017

Marval, O'Farrell & Mairal in Buenos Aires has helped French oil company Total close the Argentine leg of its multijurisdictional minority stake acquisition of French renewables developer Eren for €237.5 million (US$278.8 million).

Shearman hires Itaú lawyer for São Paulo office

16 October 2017

Shearman & Sterling LLP has rehired a capital markets lawyer from Brazil’s largest private bank as the country’s worst-ever economic recession comes to end.

OHL obtains loan for Mexican motorway concession

16 October 2017

Mijares, Angoitia, Cortés y Fuentes SC in Mexico City has helped a subsidiary of Spanish construction company OHL obtain a syndicated loan worth 5.31 billion Mexican pesos (US$282.9 million) for its Atizapán-Atlacomulco toll road concession in Estado de México.

Spanish publisher objects to Latin maxim in arbitral award

16 October 2017

As his new United Nations Commission on International Trade Law (UNCITRAL) claim against Chile gets underway, Spanish publisher Victor Pey Casado has extended the already 19-year-long lifetime of his record-breaking International Centre for Settlement of Investment Disputes (ICSID) claim by initiating annulment proceedings against a 2016 award. The tribunal's use of a Latin maxim betrays a pro-state bias, he argues.

Mexichem issues US$1 billion in notes

16 October 2017

Cleary Gottlieb Steen & Hamilton LLP in New York and Robles Miaja SC in Mexico City have helped chemical manufacturer Mexichem issue notes in two tranches worth a combined US$1 billion.

Irish insulation maker expands in Brazil

16 October 2017

Demarest Advogados has helped insulation specialist Kingspan acquire 51% of Brazilian counterpart Isoeste.

Oi submits new restructuring plan ahead of adjourned creditors’ vote

13 October 2017

Brazilian telecoms group Oi has submitted a revised restructuring plan before a court in Rio de Janeiro proposing a capital injection of 9 billion reais (US$2.8 billion), as creditors prepare to vote on whether the group can restructure seven entities in one go treating all creditors as a single, consolidated group.

Barrick settles dispute with Chilean farmers

13 October 2017

Canadian miner Barrick Gold has agreed to pay US$20 million to settle an arbitration with a Chilean farmers’ cooperative relating to a controversial mining project straddling the Chile-Argentina border that was suspended four years ago because of environmental concerns.