Arias, Fábrega & Fábrega of Panama and US-based Cleary Gottlieb Steen & Hamilton have assisted Deutsche Bank Alex Brown, as placement agent, in connection with a US$150-million securitisation of credit card receivables for Primer Banco del Istmo, SA. The transaction closed on September 20.
Brazilian firm Vieira, Rezende, Barbosa e Guerreiro Advogados and New York's Milbank, Tweed, Hadley & McCloy have advised Termorio SA in the US$520-million EPC contract for a 1,100 MW thermoelectric power plant in Rio de Janeiro.
Santiago firm Prieto y Cía is representing Constructora Norte Sur SA, a special-purpose construction company formed by the Spanish company Dragados, the Swedish SADE-Skanska and the Chilean companies Brotec and Belfi. Constructura Norte Sur is undertaking construction of the Norte Sur, a 25-mile long highway, as well as the 12-mile General Velásquez highway.
Caracas firm D’Empaire Reyna Bermúdez Abogados is acting as Bristol-Myers Squibb's Venezuelan counsel in the divestiture of the personal care products division of Clairol. Cravath, Swaine & Moore is acting on behalf of BMS in the United States.
Santiago firm Alcaíno, Rodríguez, Sahli has successfully defended LanChile SA before the Chilean Antitrust Commission following an investigation into the company by the National Economic Attorney, who issued an injunction preventing LanChile from carrying out a planned corporate restructuring programme.
Crédit Lyonnais recently signed an agreement with AGF, the French insurance company, on the acquisition of Brazilian bank Banco AGF Braseg.
Larrain y Asociados has advised an international aircraft lessor in the repossession and removal from the Chilean Aviation Authority’s National Aircraft Register of two Boeing 767-200ER aircraft, valued at around US$38 million each, and their return to the United States.
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has advised Sadia SA and Perdigão SA in the formation of BRF Trading SA, a 50/50 joint venture between the two companies.
Philips Lighting BV has acquired from Axa SA de CV de México 100 per cent of the capital stock of its Brazilian and Mexican subsidiaries Helfont Produtos Elétricos Ltda and Lumisistemas de Mexico SA de CV. The transaction closed on September 17.
Cruzat, Ortúzar & Mackenna Ltda - Baker & McKenzie Santiago is advising Securitizadora Security SA in the first Chilean securitisation transaction backed with municipal incomes arising from concession contracts executed by the Municipality of Santiago. The transaction involves the issuance of securitised bonds.