News

Chile’s La Polar finally released from bankruptcy protection

Chile’s La Polar finally released from bankruptcy protection

23 June 2017

Nelson Contador & Cía and Larrain y Asociados Abogados have helped retail chain La Polar become the largest publicly traded company in Chile to be freed from bankruptcy protection, nearly six years after revelations of accounting fraud devastated the company’s finances.

Trump safeguards flights between US and Cuba

Trump safeguards flights between US and Cuba

23 June 2017

Lawyers say scheduled commercial flights between the US and Cuba are here to stay, after President Donald Trump exempted carriers from new rules banning trade with Cuba’s state-owned services.

Alston & Bird, Skadden Arps and Von Wobeser structure mega building materials tie-up

23 June 2017

Alston & Bird in Washington, DC, Atlanta and Dallas; Skadden, Arps, Slate, Meagher & Flom LLP in New York, and Von Wobeser y Sierra SC in Mexico City have helped Australian building material supplier Boral buy US counterpart Headwaters for US$2.6 billion.

Leading by example

Leading by example

22 June 2017

Lulu Rumsey talks to Nicole Nehme, co-founder of Chilean firm FerradaNehme and winner of Latin Lawyer’s Specialist Law Firm Leader of the Year Award, about building a successful firm from scratch and why it is important for law firms to institutionalise

Argentine road deal paves way for ICSID settlement

Argentine road deal paves way for ICSID settlement

22 June 2017

Spanish infrastructure group Abertis has agreed the preliminaries of a deal with Argentina over a toll-road concession that could lead to the settlement of claims pending before an ICSID tribunal.

Digicel gets finance package to refinance mounting debt

22 June 2017

Davis Polk & Wardwell LLP in New York and Consortium Legal’s San Salvador office have helped multinational mobile operator Digicel obtain a loan of US$1.35 billion.

Australian PE fund launches tender for OHL México

Australian PE fund launches tender for OHL México

21 June 2017

Spanish toll road operator OHL Concesiones and Australian private equity investor IFM Global Infrastructure Fund have hired Simpson Thacher & Bartlett LLP in New York and London; Garrigues’ Spanish and Mexican offices; Latham & Watkins LLP in New York, Washington, DC, Chicago, London and Madrid; and Mexican firm González Calvillo, SC to launch a takeover bid for 100% of OHL México's free float.

Venezuela agrees new terms with ICSID creditor

Venezuela agrees new terms with ICSID creditor

21 June 2017

Canadian mining company Gold Reserve has received US$40 million from Venezuela in partial satisfaction of an International Centre for Settlement of Investment Disputes (ICSID) award, after agreeing new settlement terms that will see the investor receive more than US$1 billion in the next two years.

Peru’s GyM divests in bulk after Odebrecht pipeline deal collapse

Peru’s GyM divests in bulk after Odebrecht pipeline deal collapse

20 June 2017

At least 10 firms have landed a role in asset sales and debt restructurings made by Peruvian commercial conglomerate Graña y Montero, after the Peruvian government cancelled a lucrative pipeline contract following its developers’ failure to obtain sufficient funding.

Trump hand in antitrust and NAFTA exit are risky to Mexico and US

Trump hand in antitrust and NAFTA exit are risky to Mexico and US

20 June 2017

A competition enforcer said he “cannot imagine” the disruption that would be caused by the US leaving NAFTA, and that he is concerned about political interference in US antitrust policy.