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Argentina’s debt restructuring is likely to get approval, say lawyers
Argentina’s debt restructuring is likely to get approval, say lawyers

Argentina’s debt restructuring is likely to get approval, say lawyers

06 August 2020

After months of talks, the Argentine government and bondholders have reached a breakthrough in negotiations over the country’s foreign bonds, which are worth US$65 billion. While bondholders’ assent is still pending, lawyers believe the deal will get the required approval numbers, marking the country’s return to the international capital markets.

Latin Lawyer and LACCA's covid-19 information hub
Latin Lawyer and LACCA's covid-19 information hub

Latin Lawyer and LACCA's covid-19 information hub

04 August 2020

In response to the unprecedented impact of covid-19, Latin Lawyer and LACCA have launched a free-to-view and regularly updated information hub. Read about legislation and official communications issued by governments across Latin America in response to the evolving crisis here.

Argentina covid-19 information hub
Argentina covid-19 information hub

Argentina covid-19 information hub

04 August 2020

Latin Lawyer and LACCA's free-to-view and regularly updated information hub contains legislation and official communications issued by governments across Latin America in response to covid-19.

Creditors object to LATAM debtor-in-possession loan
Creditors object to LATAM debtor-in-possession loan

Creditors object to LATAM debtor-in-possession loan

30 July 2020

LATAM Airlines has run into judicial hurdles during its voluntary Chapter 11 proceeding, after creditors filed an objection to its US$2.45 billion debtor-in-possession (DIP) loan from Oaktree Capital Management and the airlines’ shareholders.

Several firms in US-Swiss US$1.4 billion plastics maker buy
Several firms in US-Swiss US$1.4 billion plastics maker buy

Several firms in US-Swiss US$1.4 billion plastics maker buy

30 July 2020

Jones Day offices in Cleveland and São Paulo; Rodrigo, Elías & Medrano Abogados in Lima; Santos Neto Advogados in São Paulo; Argentina’s Wiener, Soto, Caparrós; and Gamboa, García & Cardona in Bogotá have helped a US polymer manufacturer acquire a colour masterbatch business from Switzerland’s Clairant for US$1.4 billion, expanding its existing presence in Latin America.

Mitsui-Toyota JV launches mobility services app in Brazil
Mitsui-Toyota JV launches mobility services app in Brazil

Mitsui-Toyota JV launches mobility services app in Brazil

29 July 2020

TozziniFreire Advogados in São Paulo has helped the Brazilian subsidiary of Japanese conglomerate Mitsui & Co and car manufacturer Toyota enter a joint venture to develop mobility services in Brazil, as the companies plan further expansion in Latin America.

ICBC takes full control of Argentine assets in US$181 million deal
ICBC takes full control of Argentine assets in US$181 million deal

ICBC takes full control of Argentine assets in US$181 million deal

24 July 2020

Clifford Chance LLP in Beijing and Beccar Varela in Buenos Aires have helped the Industrial and Commercial Bank of China (ICBC) acquire 20% stakes in three Argentine banking organisations from its own affiliate Standard Bank London for approximately US$181 million.

Argentine grid manager faces arbitration claim
Argentine grid manager faces arbitration claim

Argentine grid manager faces arbitration claim

24 July 2020

A US-owned renewables producer has launched a claim at the Permanent Court of Arbitration (PCA) against Argentina’s electricity market manager after a contract it had to build a solar park was rescinded.

IFC issues first LatAm loan from covid-19 fund
IFC issues first LatAm loan from covid-19 fund

IFC issues first LatAm loan from covid-19 fund

23 July 2020

Argentina’s Nicholson y Cano Abogados has helped the International Finance Corporation (IFC) grant a US$10 million loan to Paraguayan fertiliser company Agrofértil, as part of the bank’s wider US$8 billion financing package aimed at helping businesses in the region affected by the crisis.

Firms snub recruitment as lateral partner hires fall by a third
Firms snub recruitment as lateral partner hires fall by a third

Firms snub recruitment as lateral partner hires fall by a third

22 July 2020

Partner hires at law firms operating in Latin America fell by almost a third in the second quarter of 2020 compared to the same period in the previous year, as firms rein in expansion amid the covid-19 pandemic.