Work Area: Competition & Antitrust

Deal of the Year Winner: Private M&A

Featured in 15th Annual Awards

Uber completed its US$459 million acquisition of Chilean grocery delivery start-up Cornershop after more than a year of back and forth with local regulators amid the covid-19 pandemic. The acquisition faced regulatory challenges in Chile and Mexico, while the substantial price tag for a controlling stake in a Latin American start-up also stands out. The deal is our private M&A Deal of the Year.

21 May 2021

FerradaNehme increases partnership by a third

Chile’s FerradaNehme has made its second significant partner promotion round in three years by elevating four associates – two of them women – to the partnership, strengthening its competition, litigation and public law practices.

14 May 2021

Barros & Errázuriz makes two new partners

Chilean law firm Barros & Errázuriz Abogados has added firepower to its competition and dispute resolution departments by promoting two senior associates to partner.

05 May 2021

Mexican enforcer asks Supreme Court to thwart energy bill

Mexico’s antitrust watchdog has filed a complaint to the Supreme Court opposing a government reform bill that aims to strengthen the state-owned electricity utility, claiming the proposed law would be bad for competition.

29 April 2021

Univision and Televisa form largest Spanish-language media group

A slew of international and Mexican law firms has helped US broadcasting network Univision and Mexico’s Televisa in a US$4.8 billion merger to create the world’s largest Spanish-language media company, backed by Google, Japan’s SoftBank and US investor The Raine Group.

19 April 2021

Uruguay conditionally clears Iberia-Air Europa deal

Uruguay’s antitrust authority has imposed remedies on a merger for the first time as it conditionally approved Iberia’s proposed purchase of Air Europa.

19 April 2021

Muñiz hires Lazo & De Romaña partner and promotes in Peru

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera has bolstered its corporate practice by hiring a partner from Peruvian firm Lazo & De Romaña Abogados, while also promoting six lawyers to equity partner across multiple departments.

15 April 2021

Carrefour buys Brazilian assets for US$1.4 billion

Sullivan & Cromwell LLP in New York and Brazilian law firms Machado Meyer Advogados and BMA - Barbosa, Müssnich, Aragão have helped the local branch of French supermarket chain Carrefour acquire Grupo BIG from US counterpart Walmart and private equity investor Advent in a deal worth 7.5 billion reais (US$1.4 billion).

29 March 2021

Nicaragua enacts Central America’s first leniency programme

Nicaragua’s antitrust watchdog has established a new leniency programme for businesses that violate national competition rules, becoming the first country to do so in Central America.

24 March 2021

Mexico conducts largest-ever cartel probe

Mexico's competition enforcer has accused 56 liquefied petroleum (LP) gas suppliers and 34 individuals of sharing markets and colluding on prices, in what it says is its largest-ever investigation.

23 March 2021

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