On August 16, in one of the largest financing in any industry in Latin America this year, Milbank, Tweed, Hadley & McCloy LLP represented Tele Norte Leste Participações SA (Telemar), the largest telephone company in Brazil, in negotiating and structuring a US$1.425-billion loan.
Chilean firm Cariola, Diez, Pérez-Cotapos & Cía Ltda is advising the Inter-American Development Bank and European banks in the structuring of a project financing deal for the construction of a port complex in the bay of Mejillones in northern Chile .
Brazilian law firm Pinheiro Neto Advogados has advised the Fundação dos Economiários Federais (Funcef), the pension fund for employees of Caixa Econômica Federal (CEF), the second-largest Brazilian Federal Government bank, on the sale of the corporate control of Caixa Seguradora.
Morales, Noguera, Valdivieso & Besa is advising Sociedad Concesionaria Rutas del Pacífico SA (RDP) in the financing of the Santiago-Valparaiso-Viña del Mar toll road concession.
Citigroup Inc, the largest US financial services conglomerate, and Grupo Financiero Banamex-Accival (Banacci) have jointly appointed Argentine law firm Bruchou, Fernández Madero, Lombardi & Mitrani to advise them on local regulatory matters arising out of Banacci's US$12.5 billion proposed acquisition by Citigroup.
Philippi, Yrarrázaval, Pulido & Brunner has acted as counsel for ABN AMRO Investments (Chile) SA and ABN AMRO Finance (Chile) SA in the purchase of a 100 per cent interest in Securitizadora of America SA. The Chilean securitisation company was bought from Bankamerica International Financial Corporation y Bank of America, National Association.
Brazilian firm Tozzini, Freire, Teixeira e Silva Advogados and Linklaters & Alliance have advised Banco Bilbao Vizcaya Argentaria SA (BBVA) and Banque Sudameris SA (Sudameris) as guarantors in a US$40-million eight-year financing.
On August 2, 2001, Pérez Alati, Simpson Thacher & Bartlett, Hughes Hubbard & Reed and White & Case closed the establishment of a US$70 million letter of credit-backed US commercial paper programme for Banco General de Negocios SA.
The Science and Technology Commission of the Venezuelan National Assembly has restarted the discussions held up since the end of 1999 on the projected industrial property law.
The Mexican federal government has appointed Arturo Ancona to the post of Director of the Public Copyright Registry. Ancona is the founding partner of Ancona & Asociados SC, a firm specialising in the areas of intellectual and industrial property law.