A new congressional committee set up in Peru to investigate potential corruption in the construction sector has not been given a realistic time frame and risks jeopardising prosecutorial probes, according to local experts.
Cuatrecasas in Madrid and Lima, three Arias offices and Ferrere (Ecuador) have helped German on-demand food services business Delivery Hero buy Spanish counterpart Glovo’s entire Latin American operation for 230 million euros (US$273 million), adding several new markets to its existing regional portfolio.
Debt capital markets activity rose in Argentina, Chile and Colombia during the first half of 2020 compared to the same period in 2019, according to data collected by Latin Lawyer – while Peru saw a drop in the number of these deals and Brazil experienced a shift in favour of the equity capital markets.
Peru’s Rebaza, Alcázar & De Las Casas has helped local shopping centre operator Jockey Plaza restructure the terms of a US$150 million bond programme to avoid a default, after credit rating agency Moodys downgraded the bonds.
Paul Hastings LLP in New York and Peru’s Rodrigo, Elías & Medrano Abogados have helped Lima Airport Partners (LAP) obtain a US$450 million loan to fund the ongoing upgrade of the capital’s Jorge Chávez International Airport.
Baker McKenzie LLP offices in New York and Lima have helped the Peruvian branch of Colombian power company ISA Group buy Orazul Energy Peru from US private equity business I Squared Capital for US$158 million.
Hernández & Cía Abogados has helped Chilean retail group Falabella restructure its business in Peru by creating two new entities that were listed on the Peruvian stock exchange.
Morrison & Foerster LLP in New York, Chile’s Guerrero Olivos and Garrigues’ offices in Lima and Bogotá have helped telecoms group Andean Telecom Partners (ATP) obtain a US$170 million credit facility to fund its operations in Chile, Colombia and Peru.
Garrigues (Peru) has helped local energy company Gas Natural de Lima y Callao (Cálidda) get a US$100 million loan to expand its gas distribution.
Baker McKenzie LLP in Chicago and Estudio Echecopar member firm of Baker McKenzie International in Lima have helped Peruvian toll road company Autopista del Norte get a two-tranche US$350 million loan.