Rolls-Royce will have to wait until at least the new year to resolve a remaining strand from its blockbuster 2017 global bribery settlement after a Brazilian agency investigating the matter extended its probe once again.
Campos Mello Advogados has strengthened its real estate practice by hiring a lawyer from Brazil’s ministry of economy, adding its fifth partner in two months.
Argentina’s electricity market manager is facing a second claim at the Permanent Court of Arbitration (PCA) filed by an investor in a World Bank-sponsored renewables incentives programme.
Simpson Thacher & Bartlett LLP in New York and São Paulo and Brazil’s Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped Brazilian credit bureau Boa Vista raise 2.2 billion reais (US$386 million) in an IPO.
Mexican firm Nader, Hayaux & Goebel has helped a BBVA-led syndicate of banks lend US$145 million to local infrastructure group Promotora Atardeceres del Pacífico for the construction of a hotel on Mexico’s Pacific coast.
Risk tends to be a negative pressure on deal-making, but the covid-19 pandemic has forced buyers and sellers to assimilate to new conditions to keep M&A activity flowing, according to panellists speaking at Latin Lawyer Live Interactive M&A.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP in New York and San Francisco, L O Baptista Advogados in São Paulo and Harneys in the Cayman Islands have helped Brazilian e-commerce company VTEX raise US$255 million in a funding round led by SoftBank, making the start-up a tech unicorn.
The São Paulo offices of Cleary Gottlieb Steen & Hamilton LLP and Pinheiro Guimarães have helped one of the world’s largest paper manufacturers, Suzano, make a joint Brazil-US share offering that raised 6.9 billion reais (US$1.2 billion).
Following the passing of Mexican firm Müggenburg, Gorches y Peñalosa, SC’s founding partner Carlos Müggenburg last month, lawyers remember him as an eminent and ethical practitioner and excellent law teacher.
Blank Rome in Philadelphia and Washington, DC and Bragard Abogados in Montevideo have helped Spain’s DISA buy a fuel distribution company from Petrobras in Uruguay for US$62 million.