After a troubling 2018, this year saw Brazilian M&A activity begin to return to form – with healthy projections for 2020 – but broader prospects across the region are distinctly varied, according to panellists speaking at Latin Lawyer Live 9th Annual M&A conference in São Paulo.
Chilean car importer Automotores Gildemeister has struck a deal to restructure over US$500 million of its senior notes, with counsel from Cleary Gottlieb Steen & Hamilton LLP and a host of law firms throughout South America. By Jordan Fermanis.
Five Baker McKenzie LLP offices and Jiménez de Aréchaga, Viana & Brause in Montevideo have helped consortium Grupo Vía Central, led by Spanish constructor Sacyr, obtain the largest project financing ever in Uruguay – worth US$855 million – to fund a public-private partnership (PPP) railway project connecting Montevideo and Paso de los Toros.
Lawyers don’t tend to leave a career in private practice to go in-house for the money, instead they’re often after better equilibrium between their professional and personal lives. Nowadays, law firms are competing better with companies on the work–life balance they offer their associates, but how successful are their efforts?
Green and social responsibility bonds can drive up pricing and even company share value, but can also incur higher transaction costs – meaning companies considering issuing them must share the same values to be confident the bonds will pay off, heard delegates at Latin Lawyer Live 2nd Annual Capital Markets conference – which took place on 19 November in São Paulo.
Generation Y is often thought of as a tough nut for employers to crack, so it’s positive news for law firm managing partners that a good number of today’s associates have long-term ambitions at the firms they are in. But with so many lawyers having their heart set on becoming partner and only a certain number of spots available, how can firms maintain satisfaction levels among lawyers, whether they’re on the partnership track or not?
Fewer Latin American law firm associates feel positive about their salaries than they did a few years ago – and for good reason, as many pay packages are not rising above inflation. But despite meagre economic growth putting paid to increases, more associates rate their wages positively than negatively.
Carey has helped Chilean fintech group Kredito issue convertible notes to more than 20 angel investors, as other Chilean start-ups look for alternatives to traditional debt and equity issuances.
Philippi Prietocarrizosa Ferrero DU & Uría (Chile) has helped Spanish power company Grenergy Renovables obtain US$71 million in project finance for a solar plant in the Atacama desert.
From social unrest to political shifts, a growing number of Latin American countries are making headlines across the world. Panellists at Latin Lawyer Live 2nd Annual Capital Markets conference – which took place on 19 November in São Paulo – said volatility occurring both inside and outside countries’ borders was also creating a new paradigm for doing business in the region.