News

OCP consortium celebrates pipeline deal

09 March 2001

Oleoducto de Crudos Pesados (OCP) Ltd and Oleoducto de Crudos Pesados Ecuador SA, the project companies formed by the OCP consortium, have signed a deal on construction of a 500-kilometre pipeline with Ecuador’s Ministry of Energy and Mining. The deal has been advised by local law firms and by Sullivan & Cromwell.

PepsiCo acquires Quaker Oats in Colombia

09 March 2001

PepsiCo was represented in its recent acquisition of Quaker Oats in Colombia by a team led by Eduardo Zuleta-Jaramillo of Zuleta Garrido Araque & Jaramillo in Bogota.

Shearman & Sterling sneaks number one spot in M&A table

09 March 2001

With just five deals worth a total of nearly US$20.13 billion, Shearman & Sterling emerged as the leading firm for M&A in Latin America in 2000, according to figures just published.

Bidding law amended

09 March 2001

The President of Venezuela recently approved an amendment to the country’s bidding law.

Two local firms, Clifford Chance selected as advisors in Brazilian IPO

09 March 2001

Souza, Cescon Avedissian, Barrieu e Flesch Advogados, a recent breakaway from Machado, Meyer, Sendacz e Opice Advogados, is advising Microsiga, the Brazilian software group, in its IPO.

Brazil relaxes stock exchange rules

09 March 2001

The Brazilian Monetary Council has made more flexible the regulations governing the incorporation, organisation and operation of stock exchanges in Brazil with a view to rendering transactions made at local stock exchanges more flexible.

Shearman & Sterling and Pérez Alati advise on US$275 million commercial paper programme

02 March 2001

Shearman & Sterling and Pérez Alati are advising in a US$ 275-million LC-backed commercial paper programme for Banco Río de la Plata, the second-largest privately-owned bank in Argentina. The arrangers of the transaction are Bank of America and Banco Santander.

Single office mining grants

02 March 2001

Venezuela's Ministry of Energy and Mines has created a single office responsible for negotiating mining grants. The new office will consist of an Interdepartmental Commission (covering energy and mines, defence, finance and environment), a Technical Committee and a body in charge of 'client attention' - ie customer service.

New powers for CAMEX

02 March 2001

Brazil's Chamber of Foreign Commerce, the Câmara de Comércio Exterior (CAMEX), has been given new powers to fix import and export rates, establish anti-dumping and compensatory duties, as well as implement safety measures.

Creel, García-Cuéllar y Müggenburg, SC advises in telecom joint venture

02 March 2001

PanAmSat Corporation is to use PanAmSat satellites in order to provide satellite-based telecommunications services in Mexico in a joint venture with Corporativo W Com, SA de CV. The sums involved in the deal are as yet undisclosed.