Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz represented TotalFinaElf in the acquisition of TransCanada´s natural gas transmission assets in Argentina, Chile and Brazil in a US$ 440 million transaction.
Marval, O’Farrel & Mairal is acting as legal counsel for Canada’s Alberta Energy Co (AEC) in the purchase of 36 per cent of the stake in the Trasandino Chile-Argentina crude oil pipeline held by Spanish-Argentine oil company Repsol-YPF.
On January 5 the regulator Superintendencia de Valores y Seguros enacted general rules regulating simplified tender offers.
January 2001: The recently approved Tender Offer and Corporate Governance Bill introduces certain issues of corporate governance issues into Chilean commercial legislation, with the purpose of bringing such legislation into line with international standards. The Bill however refers only to limited aspects of corporate governance.
The buyers, advised by Guerrero Olivos bought Aporta Fomenta on December 28 after months of speculation.
The government has approved new legislation, 'the New Law', on change of control and tender offers in companies which make public offers of their shares. The New Law will was enacted on December 20, 2000.
On December 20 2000, Law No. 19,705 (Act 19,705) was published in the Official Gazette. It introduces important amendments to the Corporations Act.
The swap contracts for the oilfield exploitation concessions in Argentina and Venezuela were signed on December 18, after the due diligence and after both companies had obtained the contractual authorisations required.
On December 7, Baker Botts announced the formation of what James DeMent called, "a selective network of independent law firms for the exchange of information about environmental law in the region".
The stock purchase agreement for the sale of 100 per cent of Ambrosoli, advised by Claro y Cía to Carozzi, advised by Guerrero Olivos, closed on December 5, 2000.