Work Area: Capital markets & securities

Mayer Brown, Linklaters and Colombian firms advise European mining companies

The firms worked on a Memorandum of Understanding under which UK-based Billiton will acquire a one third share of Carbones del Cerrejón from Anglo American and Switzerland's Glencore, the current equal owners.

05 September 2000

Brazil's industry ponders new rules to increase foreign investment

Since the International Organisation of Securities Commission (IOSCO) approved a resolution recommending the adoption of international accounting rules Brazil has been considering the standardisation of its international accounting rules.

01 September 2000

Repsol YPF retains Severgnini, Robiola, Grinberg & Larrechea

The Spanish oil and gas company retained the Buenos Aires-based law firm in its global exchange offer with Argentine energy firm Astra Companía Argentina de Petroleo SA that concluded on August 30, 2000.

30 August 2000

Private sector allowed to seek foreign loans

Brazil's National Monetary Council (CMN) issued Resolution No. 2770, on August 30, 2000, establishing new rules to permit private companies and financial institutions to obtain loans abroad without needing any previous authorisation from the Central Bank of Brazil (Bacen).

30 August 2000

White & Case LLP advises in share swap offer

The exchange of Banco de Galicia y Buenos Aires SA shares for those of Grupo Financiero Galicia SA (Grupo Galicia) closed on July 24, 2000.

24 August 2000

Electronic registration of direct investments in Brazil

Resolution No. 2997, issued by the Central Bank of Brazil on August 15 2000 introduces the rules of the Brazilian National Monetary Council (CMN) for the electronic registration of foreign direct investments in Brazil, through the Information System of the Central Bank of Brazil (SISBACEN).

15 August 2000

New rules for Brazilian investors in foreign stock markets

On August 9, 2000 the Brazilian Monetary Council altered the rules which govern the investments made by Brazilian residents in the foreign stock markets.

09 August 2000

Emergency Bill comes into force on July 16

Act No 17.243 approved by the Executive on June 29, 2000 covers a wide range of topics including investment promotions, tax, antitrust, labour, company, administrative, public, criminal, mutual funds.

16 July 2000

Telefónica SA launches intenational share exchange offer - June 1, 2000

The share swap plan, announced in January, involves an offering of a quarter of the companies' value and will consolidate Telefónica's presence in Latin America.

01 June 2000

Public offering of Telecom Argentina shares completed May 3, 2000

May 3, 2000 saw the completion of a secondary offering of approximately 50 million shares of Telecom Argentina Stet France Télécom SA, aggregating approximately US$270 million, the largest Argentine equity transaction of the year in the capital markets.

03 May 2000

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