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?
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.
The ramifications of Operation Car Wash in Latin America have made successor liability one of the key aspects to consider when buying or selling in the region, making intensive due diligence top on the to-do list for M&A deals, heard delegates at Latin Lawyer’s ninth annual M&A conference in São Paulo last week.
Canadian publicly owned specialty pharmaceuticals company Knight Therapeutics has hired Davies Ward Phillips & Vineberg in Montréal, Pinheiro Neto Advogados in São Paulo, Ferrere (Uruguay), Brigard Urrutia in Bogotá and Beccar Varela in Buenos Aires to buy a majority stake in Uruguayan biopharmaceutical group Biotoscana, in a deal valued at 1.1 billion Brazilian reais (US$273 million).
Ferrere (Uruguay) has advised the municipality of Montevideo on a structured financing transaction that raised US$18 million to fund transport infrastructure, including a fleet of electric buses.
Ferrere (Uruguay) has announced the opening of a new office in the central city of Paso de los Toros, ahead of Finnish company UPM constructing a US$3 billion pulp mill in the area.
Guyer & Regules in Uruguay has helped Spanish investor Two Continent Logistics acquire a stake in car assembler Nordex.