Big fish in small ponds
It’s no secret that many of Latin America’s largest companies remain controlled by small, concentrated groups reluctant to relinquish control, limiting these entities’ ability to tap into a bigger pool of resources through the capital markets. This status quo makes public M&A deals a rarity in the region. Christina McKeon Frutuoso considers the challenges faced by lawyers when such transactions do arise.
Anyone who has observed first-hand the Superclásico between Argentina’s Boca Juniors and River Plate will know that battles worth fighting are seldom easy. In any football match, it’s rare for victory to come without adversity, and if it does, it might not have been worth fighting for after all.