News

Muñiz, Forsyth, Ramí­rez, Pérez-Taiman & Luna-Victoria appointed counsel for the Camisea gas transportation project

15 June 2001

Transportadora de Gas del Perú (TGP), a company jointly formed by Tecgas (Argentina, 30 per cent), Pluspetrol (Argentina, 19.2 per cent), Hunt Oil (US, 19.2 per cent), Sonatrach (Algeria, 10 per cent), SK (Korea, 9.6 per cent) and GyM (Peru, 12 per cent), is responsible for carrying out a US$700-million project to build and operate two pipelines from the Camisea gas fields to the Peruvian coast.

Abeledo Gottheil advises Silica Networks Argentina in international loan

15 June 2001

Buenos Aires firm Abeledo Gottheil Abogados SC acted as Argentine legal counsel to Silica Networks Argentina SA in the drafting and negotiation of securities for a US$93.5 million loan granted to Silica by Nortel Networks Limited, as part of a global transaction in which Nortel lent US$110 million to the Argentine and Chilean subsidiaries of Silica Networks for its fibre-optic network telecommunications project. The global deal was described in the June 5 edition of Latin Lawyer Weekly Briefing.

Demarest e Almeida advised Celestica in a US$145million issuance of Notes

15 June 2001

Demarest e Almeida Advogados has recently advised Celestica do Brasil Ltda in a restructuring of Celestica’s 10 per cent US$ 135 million bridge loan facility, replacing such a bridge loan for a US$ 145 million Fixed Rate Note Program due 2005.

Franck, Galicia y Robles cooperates in Duclaud probe

15 June 2001

On May 10 the US Securities and Exchange Commission initiated an investigation into certain transactions made by former Frank, Galicia y Robles partner Alejandro Duclaud. The Securities and Exchange Commission alleges that Duclaud utilised confidential information in certain purchases of shares of stock of CompUSA, an entity recently acquired by Grupo Sanborns.

Tozzini, Freire and Linkaters advise on restructuring of US dollar Short-Term Note programme

15 June 2001

Tozzini, Freire, Teixeira e Silva Advogados has advised Banco Santander Brasil SA in the restructuring of its US$600-million Short Term Note programme. Linklaters & Alliance acted as legal counsel to the arranger under the programme, Santander Central Hispano Investment.

Peregrino Neto appoints new senior partners

15 June 2001

Brazilian firm Peregrino Neto, Machado, Beltrami & Advogados Associados, which is based in Curitiba in the state of Paraná, has six new senior partners.

Negri, Teijeiro & Incera advises Dumez

15 June 2001

During the past four months Negri, Teijeiro & Incera has advised Dumez GTM (Sucursal Argentina) on the Argentine legal and tax implications arising from an international tender offer made by the province of Buenos Aires to build eight prisons in its jurisdiction utilising a trust structure and a leasing.

Pérez Alati advises the Province of Córdoba in privatisation of gambling

15 June 2001

Buenos Aires-based firm Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz has advised the Province of Córdoba in Argentina in the privatisation of its lottery and casinos. The firm acted as legal counsel to the Province of Córdoba and to its financial advisors, Banco Santander Central Hispano and Société Générale.

New bid process for PCS licences in Colombia

15 June 2001

On June 4 the Colombian Council for Economic and Social Policy (a cabinet-level body for the coordination of economic and social policy chaired by the President of the Republic) approved the procedure for the award of three licences to provide personal communications systems (PCS) in Colombia from 2002.

Severgnini advises in rating agency sale

15 June 2001

Local law firm Severgnini, Robiola, Grinberg & Larrechea has advised Fitch Holding AG in the sale of Argentine rating agency Magister. Fitch sold its 50 per cent participation in the capital stock and votes of Magister/Backwatch Calificadora de Riesgo SA to local shareholders.