News

Creel, Garcí­a-Cuéllar advises on cigarette securitisation

02 March 2001

Creel, García-Cuéllar y Müggenburg, SC is acting as counsel to the borrower, Cigarrera La Moderna SA de CV, and the guarantor, British American Tobacco Plc, in the securitisation of a loan worth over US$100 million, granted by BBVA Bancomer.

Free competition for Uruguay's telecoms market

02 March 2001

Uruguay has passed a new law abolishing the state monopoly over telecommunications services and creating a watchdog for the telecoms sector.

Conam to publish bidding rules on power distributors

23 February 2001

Shearman & Sterling is acting as legal counsel to Ecuador’s privatisation committee Conam in the privatisation of 18 regional power distributors in the country.

Sale of TransCanada natural gas assets in Argentina, Chile and Brazil

23 February 2001

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz represented TotalFinaElf in the acquisition of TransCanada´s natural gas transmission assets in Argentina, Chile and Brazil in a US$ 440 million transaction.

Repsol-YPF sells 36 per cent of Trasandino pipeline to Alberta Energy

23 February 2001

Marval, O’Farrel & Mairal is acting as legal counsel for Canada’s Alberta Energy Co (AEC) in the purchase of 36 per cent of the stake in the Trasandino Chile-Argentina crude oil pipeline held by Spanish-Argentine oil company Repsol-YPF.

Lawyers help draw up derivatives regulation

23 February 2001

Levy & Salomão Advogados attorneys have been helping to frame a draft regulation on derivatives transactions which has been submitted to the Central Bank of Brazil.

Baker & McKenzie gains new partner for its Colombian office

23 February 2001

Juan Pablo Godoy is joining Baker & McKenzie in the Bogota office as the head of the Tax Practice Group.

Leading provider of e-business solutions secures US$25 million funding round

16 February 2001

Davis Polk & Wardwell is advising J P Morgan Latin America Capital Partners on its US$25 million investment in the internet consulting firm Lumina Americas, Inc, which is based in New York and has offices in São Paulo, Brazil.

In search of a Panamanian Law on e-commerce

16 February 2001

The Chamber of Commerce, the Association of Business Executives (APEDE), EAN PANAMA, the Panamanian Chamber of Telecommunications and the Association of Users of the Colón Free Zone have submitted a list of recommendations to Panama’s Minister of Commerce and Industry on the question of how the legal norms regarding Panamanian electronic commerce should be.

Shell divests petrol outlets in Brazil

16 February 2001

The oil group Shell has sold 256 petrol stations and three distribution centres in the south of Brazil. Agip, a part of the Eni energy group of Italy, is the buyer.