News

US recognises Oi restructuring

US recognises Oi restructuring

22 June 2018

One of Latin America’s biggest restructurings will be enforced in the US after a New York court issued a Chapter 15 order recognising telecom company Oi’s US$20 billion plan.

Biosev renegotiates debt

21 June 2018

The São Paulo offices of Norton Rose Fulbright and Dias Carneiro Advogados have helped sugar and ethanol producer Biosev renegotiate debt worth 3.6 billion reais (US$970 million) with several different lenders.

German bank finances RenovAr project

21 June 2018

Clifford Chance LLP in New York and Washington, DC, and Pérez Alati, Grondona, Benites & Arntsen in Buenos Aires have helped Argentine energy producer Genneia obtain financing worth US$142 million for the development of a wind farm it is developing under the government-led RenovAr programme.

LatAm-backed loan improves Atlantica credit rating

21 June 2018

Skadden, Arps, Slate, Meagher & Flom LLP in London and New York, Miranda & Amado Abogados in Lima and Santamarina y Steta in Mexico City have helped UK energy company Atlantica Yield obtain a loan worth US$215 million.

Panellists question Miami’s arbitration credentials

Panellists question Miami’s arbitration credentials

20 June 2018

Delegates voted in favour of Miami being a world-class seat for arbitration at this year’s Latin Lawyer – GAR Annual Arbitration Summit, but panellists were more cautious, agreeing much of its popularity in Latin America was down to its location.

Dentons’ Colombia office hires partner from Mexican firm

Dentons’ Colombia office hires partner from Mexican firm

19 June 2018

Colombian firm Dentons Cardenas & Cardenas has recruited a partner from Mexican firm Sánchez Devanny to lead its business development efforts and support multijurisdictional deals in a rare cross-border hire.

Wind farm operator gets financing in Uruguay

Wind farm operator gets financing in Uruguay

19 June 2018

CMS Hasche Sigle in Hamburg and Ferrere (Uruguay) in Montevideo has helped German wind turbine maker Enercon obtain project finance worth US$70 million for its Uruguayan wind farm operator Ladaner.

Spanish company’s arbitration claim against Guatemala gets under way

19 June 2018

After failing to reverse a loss against Guatemala at the International Centre for Settlement of Investment Disputes (ICSID) over electricity tariffs, Spanish company Iberdrola has brought a new treaty claim against the Central American state before the Permanent Court of Arbitration, it has emerged.

Bolivia agrees to pay ICSID award

Bolivia agrees to pay ICSID award

18 June 2018

Bolivia has agreed to pay US$42.6 million to satisfy an award from the International Centre for Settlement of Investment Disputes (ICSID) in favour of Chilean company Quiborax, ending a 12-year dispute over the expropriation of mining concessions by a previous administration.

Steelmaker takes Venezuela arbitration awards to DC

15 June 2018

A Luxembourg steelmaker has asked a US court to enforce two awards at the International Centre for Settlement of Investment Disputes (ICSID) worth a combined US$447 million against Venezuela arising from the nationalisation of the country’s steel industry.