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Barbosa Müssnich & Aragão advises on the creation of Brazilian telecommunications giant
Barbosa Müssnich & Aragão advises on the creation of Brazilian telecommunications giant

Barbosa Müssnich & Aragão advises on the creation of Brazilian telecommunications giant

19 October 2001

The Brazilian firm Barbosa Müssnich & Aragão has lead the structuring and implementation of the corporate organisation of Tele Norte Leste Participações SA. The corporate organisation structure consisted of merging 15 telecommunication companies under Telecomunicações do Rio de Janeiro SA, now named Telemar Norte Leste SA, all controlled by Tele Norte Leste Participações SA. Tele Norte Leste is listed in Brazil and on the NY Stock Exchange.

Pérez Alati advises TotalFinaElf in acquisition, consent solicitation and partial tender offer
Pérez Alati advises TotalFinaElf in acquisition, consent solicitation and partial tender offer

Pérez Alati advises TotalFinaElf in acquisition, consent solicitation and partial tender offer

19 October 2001

TotalFinaElf, represented by Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz(h) has acquired a controlling interest in Hidroeléctrica Piedra del Aguila SA, said to be one of the largest hydro generators in Argentina with an installed capacity of 1,400 MW. The deal was closed on September 21.

Carey y Cía. advises underwriters in Chile's US$ 650 million Bond
Carey y Cía. advises underwriters in Chile's US$ 650 million Bond

Carey y Cía. advises underwriters in Chile's US$ 650 million Bond

19 October 2001

The state of Chile has just launched a US$ 650 million sovereign bond, due 2012. A Carey y Cía. team, led by partner Diego Peralta and associate Gonzalo Smith, advised JP Morgan and UBS Warburg, the lead underwriters. The deal was closed on October 16.

Cãrdenas, Cassagne & Asociados assists Scotiabank in notes issuance
Cãrdenas, Cassagne & Asociados assists Scotiabank in notes issuance

Cãrdenas, Cassagne & Asociados assists Scotiabank in notes issuance

19 October 2001

Cárdenas, Cassagne & Asociados has acted as legal advisor to Scotiabank Quilmes SA and First Trust of New York, in Argentina in relation to the creation of a global programme for the constitution of financial trusts and the issuance of notes and certificates of participation. The notes and certificates have a value of up to US$250 million. Scotiabank acted as trustor, arranger and initial underwriter. First Trust acted as financial trustee of programme.

Peruvian government in arbitration with electricity distributors EDELNOR
Peruvian government in arbitration with electricity distributors EDELNOR

Peruvian government in arbitration with electricity distributors EDELNOR

19 October 2001

Payet Rey Cauvi Abogados is representing EDELNOR, one of Peru´s main electricity distribution companies, in arbitration proceedings with the Peruvian government in relation to a dispute over the terms of a legal stability agreement. EDELNOR claims that new rules for the tax depreciation of assets passed by the Government in 1998 are not applicable to the company because of the tax stability guaranteed by the legal stability agreement it executed with the Republic in 1996.

Pérez Alati and Vinson & Elkins in a US$ 120 million prepaid forward sale of crude oil to provide financing to Pan American Energy
Pérez Alati and Vinson & Elkins in a US$ 120 million prepaid forward sale of crude oil to provide financing to Pan American Energy

Pérez Alati and Vinson & Elkins in a US$ 120 million prepaid forward sale of crude oil to provide financing to Pan American Energy

19 October 2001

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz(h) and Vinson & Elkins have advised on the recently closed US$120 million prepaid forward sale of US-delivered WTI crude oil between Chase Manhattan International Ltd., as purchaser, and Pan American Energy LLC, Argentine Branch.

Machado assist in Brazilian/Portuguese joint venture
Machado assist in Brazilian/Portuguese joint venture

Machado assist in Brazilian/Portuguese joint venture

19 October 2001

Machado, Meyer, Sendacz e Opice Advogados have assisted Suzano Paper and Cellulose in the negotiation of an agreement with the Portuguese Group, Sonae. The agreement is to result in an investment of 250 million euros by National Enterprise of Portucel - a Portuguese state-subsidized company.

Bruchou assists ABN AMRO in the successful transfer of its retail banking business in Argentina
Bruchou assists ABN AMRO in the successful transfer of its retail banking business in Argentina

Bruchou assists ABN AMRO in the successful transfer of its retail banking business in Argentina

19 October 2001

Bruchou, Fernández Madero, Lombardi & Mitrani has counselled ABN AMRO Bank N.V. in the sale and transfer of its retail banking business in Argentina. The buyers were Banco de Galicia y Buenos Aires SA. The transaction was closed on October 15.

Ferrere Lamaison assists in securing IIC loan for Uruguay infrastructure project
Ferrere Lamaison assists in securing IIC loan for Uruguay infrastructure project

Ferrere Lamaison assists in securing IIC loan for Uruguay infrastructure project

19 October 2001

The Inter-American Investment Corporation (IIC), the multilateral financial institution that is part of the Inter-American Development Bank Group, has approved a 10-year, US$4 million loan to the Uruguayan company Solenur SA (now renamed Camino a las Sierras SA).

Negri, Teijeiro & Incera advises Bunge Limited in the acquisition of shares of La Plata Cereal SA
Negri, Teijeiro & Incera advises Bunge Limited in the acquisition of shares of La Plata Cereal SA

Negri, Teijeiro & Incera advises Bunge Limited in the acquisition of shares of La Plata Cereal SA

19 October 2001

André et Cie SA and Elinda SA have sold 99,9924 per cent of La Plata Cereal SA, one of the largest Argentine grain exporters, to Bunge Limited. The sale was made on October 5 and the transaction is expected to be concluded during the first quarter of 2002. The value of the transaction is subject to adjustments but is not expected to exceed US$70 million.