Brazil: the second-lowest rated country for doing business in all of Latin America, yet for years the darling of private equity firms looking to the region. Marieke Breijer asks how the country continues to captivate investors
Marieke Breijer compares and contrasts the situations in some of Latin America’s top private equity markets with those deemed too risky to touch and finds that things aren’t always black and white
Some 80 lawyers from across the Americas met in Washington, DC, last week to hear how they can play an important role in the development of human rights across the region at a conference on Inter-American human rights pro bono representation, organised by the Cyrus R. Vance Center for International Justice, Red Pro Bono Internacional and Chile’s Fundación Pro Bono.
To take advantage of the opportunities which the “new world” has made available to Chile, the country must invest in technology and entrepreneurship, Chilean President Sebastián Piñera told an audience in London yesterday.
From securing land rights to avoiding land controlled by drug traffickers, there are multiple obstacles to overcome when putting together infrastructure projects in Central America and Mexico, which speakers with first-hand experience sought to address at Latin Lawyer’s project finance conference last week.
While conversation about legal reform in Mexico often centres on high impact legislation – such as the new PPP law and proposed changes to the energy legal framework, there are other developments impacting project finance and infrastructure projects across a range of sectors, as we heard at Latin Lawyer’s conference last week.
Be it in renewables or gas transportation, companies from around the world are showing interest in Mexico’s energy sector and banks are willing to back the projects, as speakers at Latin Lawyer’s project finance conference including those from Iberdrola, KST Electric Power, Santander and Banobras confirmed last week.
Mexico’s incoming administration has promised to further open up the country’s energy industry to the private sector; while there is a long path to actual reforms companies would do well to position themselves now says Juan Carlos Zepeda of Mexico’s National Hydrocarbons Commission, who spoke alongside key project finance players from Mexico, Central America and Panama at Latin Lawyer’s conference last week.
As Enrique Peña Nieto prepares to take office the optimism in Mexico is palpable, said Antonia Stolper of Shearman & Sterling LLP upon opening Latin Lawyer’s Third Annual Project Finance Conference yesterday, pointing to the wealth of opportunities for project finance lawyers to be had in Mexico as well as Central America and Panama.
Baker & McKenzie LLP and Peruvian law firm Estudio Echecopar have confirmed they will merge, in a move that will see the US firm become the first international firm in Peru and boost its international partnership by two, while the managing partner of the Peruvian firm says the tie-up was motivated by a desire to broaden its global reach.