News

Eletrobras filing reveals Hogan Lovells internal investigation bill

Eletrobras filing reveals Hogan Lovells internal investigation bill

12 December 2017

Eletrobras had paid Hogan Lovells LLP approximately 235 million reais (US$72 million) for investigating bribery allegations as of September 2017.

Dias Carneiro and Andrews Kurth in IADB sugar loan

12 December 2017

Andrews Kurth Kenyon LLP’s Washington, DC, office and Dias Carneiro Advogados in São Paulo have helped the Inter-American Development Bank (IADB) provide a US$60 million loan to Brazilian sugar cane producer Usina Santa Adélia.

Alessandri adds infrastructure practice with triple partner hire

Alessandri adds infrastructure practice with triple partner hire

11 December 2017

Alessandri has recruited 10 infrastructure lawyers, including three partners from local firm Halpern de la Fuente, as lateral hires in Chile’s once conservative legal market become more common.

DOJ eyeing individuals linked to Odebrecht bribery scheme

DOJ eyeing individuals linked to Odebrecht bribery scheme

11 December 2017

US prosecutors appear to have filed cases against two individuals who were identified by Brazilian authorities in plea testimonies as having helped Odebrecht executives launder money but who were never pursued.

DuPont and FMC in global asset swap

11 December 2017

Dechert LLP in Philadelphia, Washington, DC, and Brussels; Wachtell, Lipton, Rosen & Katz in New York; and Mexican firms González Calvillo, SC and Dentons López Velarde, SC have helped US chemical company FMC swap assets with DuPont in the Brazilian and Mexican leg of a US$1.3 billion global deal.

Banco de Crédito e Inversiones expands in the US

11 December 2017

Ávila, Rodríguez, Hernández, Mena & Ferri in Miami, Garrigues in Madrid and Carey in Santiago have helped Chile’s Banco de Crédito e Inversiones (BCI) expand its presence in the US by acquiring Miami-based bank TotalBank from Santander for US$528 million.

Shearman promotes LatAm capital markets lawyer to partner

08 December 2017

Shearman & Sterling LLP has promoted a member of its New York Latin America practice to partner.

LatAm gas power project finance is diversifying, hear delegates

LatAm gas power project finance is diversifying, hear delegates

07 December 2017

Finance for gas power projects is starting to come from less traditional sources, but the associated legislation is far from perfect in Brazil and Mexico, heard delegates at Latin Lawyer’s 5th Annual Regional Project Finance Summit, held in Washington, DC last month.

IC Power divests its entire LatAm energy business

IC Power divests its entire LatAm energy business

07 December 2017

Norton Rose Fulbright in New York has acted as lead counsel for global investment manager I Squared Capital in its US$1.2 billion acquisition of IC Power’s entire Latin American energy portfolio.

SBM can settle Brazil bribery allegations for US$340 million

07 December 2017

Brazilian authorities appear to have settled on the sum SBM Offshore must pay to conclude a long-running bribery investigation, but remain divided on the non-financial terms of the agreement.