International and Latin American law firms are keeping a close eye on the region’s latest oil exporter, Guyana. They are hoping to zero in on clients looking to invest in short- and long-term infrastructure and energy projects in the country, but acknowledge it will need support to develop the industry and to avoid the so-called Dutch disease.
Gunderson Dettmer offices in New York, San Francisco, Silicon Valley and São Paulo and Pinheiro Guimarães in Rio de Janeiro have helped Brazilian real estate company Grupo Zap sell its entire business to online marketplace OLX Brazil for 2.9 billion Brazilian reais (US$695 million)
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped infrastructure fund Actis buy five wind power plants in Brazil from Portuguese utilities company EDP Renováveis for 1.2 billion reais (US$230 million).
A former associate of Brazilian Latin Lawyer 250 firm Leite, Tosto e Barros Advogados has returned as partner to lead its energy and infrastructure practice.
Brazilian prosecutors have said petrochemical company Braskem has fulfilled the compliance obligations from its record-breaking US$2.6 billion foreign bribery settlement.
Uría Menéndez’s offices in Barcelona and Madrid, Niederer Kraft Frey in Zurich, Creel, García-Cuéllar, Aiza y Enriquez SC in Mexico City and Pinheiro Neto Advogados in São Paulo have helped Spanish bank Santander enter a joint venture with France’s Credit Agricole to combine their custody and settlement and asset management businesses across 15 jurisdictions.
Having led Tauil & Chequer Advogados in association with Mayer Brown since the firm was formed in 1992, Brazilian lawyer Alexandre Chequer has now moved on to head Mayer Brown’s global oil and gas practice.
A transcript from Latin Lawyer Live Private Equity, which took place in 2019, is now available to read online.
Brazilian Latin Lawyer National firm Velloza Advogados has bolstered its agribusiness practice by hiring a new partner in São Paulo.
Trench Rossi Watanabe has helped Ireland-based industrial manufacturing company Ingersoll Rand complete the Brazilian leg of the merger of its industrial division with US industrial equipment company Gardner Denver.