News

Magalhães to change name

17 August 2001

Brazilian law firm Magalhães, Ferraz, Lino e Bruna is undergoing a restructuring process and is to be renamed Magalhães e Ferraz - Advocacia.

New law will protect parties to internet transactions

17 August 2001

By means of Law 43 of July 31, 2001, the Republic of Panama has adopted a new set of rules governing electronic signatures and documents as well as the issuing of certificates of identification.

Anatel seeks bids for schools IT programme

17 August 2001

Brazil’s National Telecommunications Agency (Anatel) has issued an invitation to bid for the installation of IT in 13,000 public schools in Brazil.

Scale of minimum wages established

17 August 2001

Decree No. 1,368, issued by the President of the Republic, dated July 12, 2001 and published in Official Gazette of the Republic (GO) No. 37,239 for July 13, establishes a scale of minimum wages in Venezuela (Articles 1 to 5).

Multinational team advises Agilent in takeover by Philips

10 August 2001

Electronics multinational Philips has completed its acquisition of Agilent´s healthcare division following approval by the European Commission and US antitrust authorities. The deal closed on August 1.

Cruzat, Ortúzar represents SR Telecom in the merger of its subsidiary CTR with Gilat Satellite Networks

10 August 2001

Cruzat, Ortúzar & Mackenna (Baker & McKenzie, Chile) has advised SR Telecom in an agreement with Gilat Satellite Networks, a provider of products and services for satellite-based communications networks under which Gilat will acquire 13 per cent of CTR in exchange for access to Gilat’s Chilean telecommunications networks assets. The deal was closed in July.

Veirano counsels Hershey in chocolate plant acquisition

10 August 2001

Veirano & Advogados Associados has advised Hershey International Limited and Hershey Foods Corporation in the acquisition of a plant owned by the Brazilian chocolate manufacturer Visagis SA Indústrias Alimentícias in the city of São Roque in São Paulo state. Visagis is well known in Brazil for its trademark Visconti.

Blue Sentinel chooses Figueroa Sierra to conduct due diligence

10 August 2001

Figueroa Sierra & Asociados is one of three local law firms selected by US corporation Blue Sentinel to conduct due diligence in Colombia. The arrangement forms part of a Latin American due diligence network currently being established with the assistance of Chadbourne & Parke LLP's New York office.

Estudio Echecopar represents PSEG in Electroandes privatisation bid

10 August 2001

On July 20, PSEG won the bidding in the privatisation of Electroandes SA with an offer of US$227.1 million. Other offers were presented by AES Corporation, Duke Energy International and Tractebel.

Hernández & Rosselló Abogados in first merger between infrastructure concessionaires

10 August 2001

The Ministry of Transport, Communications, Housing and Construction has authorised the merger of Concesiones de Carreteras SA, concessionaire of the Arequipa-Matarani highway, and Corporación El Ovalo SA, concessionaire of an underground parking area located in the districts of Miraflores and San Isidro.