News
Iron and steel company's share offer consolidated
Caracas's d'Empaire Reyna advised BBO in its US$116 million public share offer to obtain control of Consolidated, a subsidiary of Sivensa, which was advised by Rodríguez & Mendoza.
Marval, O'Farrell in brewery transaction with Brazilian and Uruguayan firms
On October 13 2000, France's Groupe Danone and the world's number three brewer, Brazilian Ambev (Brahma and Antartica), took control of Uruguay's Compañía Salus.
Marval O'Farrell partner elected chair of Lex Mundi
On October 12, 2000 during the association's recent annual conference in Noordwijk, the Netherlands, Alfredo M O'Farrell, partner of Argentine law firm Marval O'Farrell & Mairal, was elected chair of Lex Mundi.
Superintendent of Venezuelan antitrust authority resigns
The resignation of Ignacio De León from Procompetencia (Superintendency for the Promotion and Protection of Free Competition) became effective as of October 11, 2000.
Enactment of rules to prevent money laundering
On October 11, 2000, the Central Bank of Uruguay (BCU) approved Circulars # 1712 and # 1713 containing new rules to prevent money laundering (ie the use of Uruguay´s financial system to legitimate assets originating in criminal activities.
Estudio O´Farrell, Tozzini, Freire and Hoet, Pelaez in website launch
On October 10, 2000 the the launch of Demarcas.com, a website specialising in trademarks and patents, was announced.
Grasty Quintana and Morales, Noguera in water utility transaction
UK's Thames Water was officially awarded the bid for 42 per cent of Essbio the Chilean state water company in the eighth region before the October 6 2000 deadline.
Decree 285/2000 enacted to regulate the conditions for the concession of public works under private initiative.
The Decree, enacted on October 3, 2000 empowers the Executive, subject to the prior approval by the Audit Office, to authorise the particular regimes and contracting procedures based on principles of openness and equality of the bidders, provided market conditions and the goods and services involved prove advantageous to the government.
King & Spalding and Berkemeyer Abogados advise Coca-Cola
The law firms advised in the sale of Paraguayan drinks unit (Paresa) by Luxembourg-based Quilmes which was announced on October 3, 2000.
Improved anti-laundering legislation and banking and trust secrecy
The Republic of Panama recently enacted four pieces of legislation to strengthen its fight against money laundering.
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