News

Avila & Vidal helps Colombians win BOOT bid

01 June 2001

Avila & Vidal Abogados advised and represented Interconexión Eléctrica SA ESP (ISA) of Medellín, Colombia in an international public bid for a US$55-million BOOT contract for the design, operation and maintenance of a high-tension electricity transmission line in Peru. ISA beat off Red Eléctrica de España and Hydro Quebec to win the contract. The agreement was signed on April 30.

Souza, Cescon and Vinson & Elkins advise in independent power producer project

01 June 2001

São Paulo-based firm Souza, Cescon Avedissian, Barrieu e Flesch and Vinson & Elkins have represented the Inter-American Development Bank in a US$60 million project financing for power generation in isolated communities in Brazil.

Rodrigo, Elías advises Allianz Capital and Goldman Sachs in a major acquisition

01 June 2001

Rodrigo, Elías & Medrano Abogados acted as Peruvian counsel for Allianz Capital Partners and Goldman Sachs in their global acquisition of Messer Griesheim GmbH, which closed on April 30.

Ferrere Lamaison counsels on setting-up of investment fund

01 June 2001

Ferrere Lamaison was chosen by ABN AMRO to act as counsel in the setting-up of an investment fund based on loans granted by the Banco Hipotecario del Uruguay (BHU).

New managing partner for Uría & Menéndez in Argentina

01 June 2001

Eduardo Rodríguez-Rovira has been appointed managing partner for Uría & Menéndez in Buenos Aires. He will be based at the offices of Uría’s local alliance partner, Marval, O’Farrell & Mairal.

New public offerings regime creates greater transparency

01 June 2001

On May 22, Decree 677/2001 on Transparency and Better Practices in the Capital Markets (‘the Decree’) was issued, amending the public offering regime in Argentina.

Uruguay's new competition regulations

01 June 2001

Under new Uruguayan antitrust legislation, there are no pre- or post-merger notification requirements, and no duty to notify.

Court decision throws timing of merger filings into question

01 June 2001

A recent Brazilian Federal Court decision has once again created uncertainty about the precise timetable for merger control notification under Brazilian antitrust law. The Brazilian Antitrust Agency (CADE) currently requires that merger control notifications be submitted no later than 15 business days after the execution of the ‘first binding document’.

Government seeks double taxation agreements

01 June 2001

On May 23 a draft ‘Proposal for a Peruvian Model Agreement on Avoiding Double International Taxation and Preventing Fiscal Evasion’ was published in the Peruvian Official Gazette.

Colombia likely to ratify air convention

01 June 2001

Colombia has never ratified the 1948 Geneva Convention on the International Recognition of Rights in Aircraft.