Mexico’s new tax reform will represent a more aggressive stance towards tax evasion but could be too broad in its approach, heard delegates at Latin Lawyer Live 4th Annual Tax Summit, held on 2 December in New York.
Shearman & Sterling LLP has promoted a counsel to partner, increasing the seniority of its São Paulo office three months after losing two partners and several lawyers in Brazil to Paul Hastings LLP.
Machado Meyer Advogados in São Paulo and Posse Herrera Ruiz in Bogotá have helped Brazilian conglomerate Grupo Pão de Açucar acquire a 96% stake in Colombian retail giant Éxito through a tender offer.
Brazilian legislators have submitted plans to stagger the implementation of fines under its new data protection law, in response to a proposal to delay the entire law for two years.
Bomchil has advised on the construction of a new arena venue in Buenos Aires, as well as helping the company behind the project get a loan to fund it.
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Iberian law firm Cuatrecasas continues to expand its newly opened office in Lima, this time hiring a partner with experience working at Peruvian Latin Lawyer 250 firms Payet, Rey, Cauvi, Pérez Abogados and Bullard, Falla, Ezcurra + to lead its arbitration and litigation practice.
BLP (Costa Rica) has opened two new offices on the Pacific coast and hired a senior counsel to head them.
Lefosse Advogados has helped Petrobras sell its gas distribution company Liquigás for 3.7 billion reais (US$880 million) to local gas market players Copagaz and Nacional Gás.
Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York and Machado Meyer Advogados in São Paulo have advised KPS Capital Partners on the sale of its operator cabs division, in a cross-border deal involving US and Brazilian jurisdiction.