DirecTV finalises Chapter 11 agreement

07 May 2004

US satellite television company DirecTV Latin America LLC (DTVLA) has emerged from Chapter 11 proceedings after almost a year since it first filed for bankruptcy protection. The proceedings closed on February 24.

Latin American projet finance market recovery in 2003

30 January 2004

Project finance research company Dealogic ProjectWare has released its analysis of Latin American project finance in 2003. The report rates Milbank, Tweed, Hadley & McCloy LLP “the top legal adviser in the Latin American & Caribbean project finance market for a fifth consecutive year with eight deals worth US$1.44 billion”. The report was published on January 19.

ICC starts new Latin American arbitration group

31 October 2003

The International Chamber of Commerce (ICC) has founded a group dedicated to the exchange of information and discussion of the most important problems surrounding arbitration in Latin America. Founding members of the Grupo Latinoamericano CCI de Arbitraje (ICC Latin American Arbitration Group) were invited to join on September 3, and first meeting will be held in Paris on August 25, 2004.

Making Up the Law

25 August 2003

Beauty may be in the eye of the beholder, but good legal work should be more than skin deep. L’Oréal's associate general counsel Patrick Sabatier certainly thinks so.

Santander buys Latin American operations of Coutts

23 May 2003

The Royal Bank of Scotland Group (RBOS) has signed an agreement to sell the Miami-based Latin American private banking operations of the Coutts Group to Spain’s Banco Santander Central Hispano SA (BSCH) for a premium of US$75 million. The deal was announced on May 15.

Cadbury buys global chewing gum arm of Pfizer

16 May 2003

In a multinational deal, British conglomerate Cadbury Schweppes plc has acquired 100 per cent of confectionery company Adams Food Inc from Pfizer Inc for US$4.2 billion. The deal was announced on December 17 and closed on March 30. It included significant Latin American assets in 16 countries in the region.

Walker Clark adds another consultant to its Latin American practice

14 March 2003

Law firm consultants Walker Clark LLC have continued the expansion of their Latin American services with the addition of Stella M Alliende as a consultant specialising in international client relations in the legal profession. She joined the firm on March 1.

CAF launches third notes programme in Spanish market

13 December 2002

International development organisation Corporación Andina De Fomento (CAF) has issued short-term notes to the value of €500 million (US$504 million) in the Spanish Fixed Income Market (Mercado AIAF de Renta Fija). The programme was cleared on November 15, and its term will expire a year from that date.

IBM buys PricewaterhouseCoopers' consulting assets

08 November 2002

International accountancy and consulting company PricewaterhouseCoopers International (PW) has sold its management consulting business to International Business Machines (IBM), including all related assets in Latin America. The deal closed on October 1, and the purchase price was US$3.5 billion.

Burns Philp buys Kraft bakery subsidiary

08 November 2002

Australian food company Burns Philp and Co has bought the Latin American yeast and industrial bakery subsidiary of Kraft Foods International for US$110 million. The deal closed on October 31.