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Covid-19: reporting on a crisis

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Covid-19: reporting on a crisis

Published April 2020

Through this uncertainty, our commitment is to provide law firms with the information and insight they need to navigate the current market. As such, we are reporting on how covid-19 affects our audience, including what it means for specific practice areas, as well as the impact on law firms themselves. All these articles can be found here and are free to view.

News

Covid-19’s worst case scenario for workforces: closures and mass layoffs
Covid-19’s worst case scenario for workforces: closures and mass layoffs

Covid-19’s worst case scenario for workforces: closures and mass layoffs

17 April 2020

The covid-19 pandemic is throwing up a harsh reality for employers, which are having to consider an increasingly drastic set of options to handle the changes the crisis might make to their businesses and workforces. Closures and mass layoffs are looming large for many companies, but lawyers are advising businesses to consider these options with caution.

BMA behind Brazil’s first ventilator acquisition to face up to pandemic
BMA behind Brazil’s first ventilator acquisition to face up to pandemic

BMA behind Brazil’s first ventilator acquisition to face up to pandemic

16 April 2020

Brazilian ventilator producer Magnamed has hired BMA - Barbosa, Müssnich, Aragão to sign a contract with the government to provide 6,500 ventilators to help prevent the health public system from collapsing amid the ongoing surge in the number of patients depending on the equipment.

Pandemic ushers in deal-making revolution
Pandemic ushers in deal-making revolution

Pandemic ushers in deal-making revolution

15 April 2020

Long and unproductive draft sessions, unnecessary paperwork and bureaucracy, time wasted on long-haul flights and everyday commutes in big cities. It is too early to say if covid-19 will put an end to all of that, but a few deals which recently closed in Brazil indicate that the pandemic could revolutionise the way corporate lawyers work.

Time for a rethink? The insurance industry faces up to covid-19
Time for a rethink? The insurance industry faces up to covid-19

Time for a rethink? The insurance industry faces up to covid-19

14 April 2020

The covid-19 outbreak puts insurance companies in the delicate position of balancing a huge claims load with their own capital and solvency stability. So far, there is also considerable uncertainty about whether insurance policies cover losses caused by the pandemic, with governments across the region considering issuing regulations aimed at bringing more clarity to the sector.

Help clients avoid insolvency, and worse, in the covid-19 crisis
Help clients avoid insolvency, and worse, in the covid-19 crisis

Help clients avoid insolvency, and worse, in the covid-19 crisis

09 April 2020

Covid-19 has left companies in hot water, with many falling behind on credit payments and commercial obligations. Law firms are busy keeping their clients’ businesses in the clear and trying to help them mitigate the financial problems covid-19 might cause.

Covid-19 complicates Argentina’s impending debt restructuring
Covid-19 complicates Argentina’s impending debt restructuring

Covid-19 complicates Argentina’s impending debt restructuring

02 April 2020

After the outbreak of covid-19, Argentina’s decision to delay presenting bondholders with an offer to restructure billions of its international debt did not come as a surprise to many. But local lawyers think the country must urgently take the bull by the horns if it wants to maintain access to international capital markets.

Peru warned of potential ICSID claims over covid-19 measures
Peru warned of potential ICSID claims over covid-19 measures

Peru warned of potential ICSID claims over covid-19 measures

15 April 2020

Peruvian officials have warned that a proposed emergency measure suspending the collection of toll fees on the country’s road network in response to the outbreak of covid-19 could result in multiple International Centre for Settlement of Investment Disputes (ICSID) claims.

Brazil’s senate votes to postpone LGPD
Brazil’s senate votes to postpone LGPD

Brazil’s senate votes to postpone LGPD

08 April 2020

Brazil’s federal senate has passed an emergency coronavirus bill that includes a provision to delay the country’s data protection law until January 2021.

Give us concise information on covid-19, say GCs
Give us concise information on covid-19, say GCs

Give us concise information on covid-19, say GCs

08 April 2020

It’s information overload for legal teams at the moment, who are being inundated with guidance from external counsel on how to handle operations amid the covid-19 crisis. As governments race to push through fresh legislation each day, Latin Lawyer finds out how law firms are communicating with clients during this unprecedented time, and what in-house counsel say is and isn’t appealing.

Brazil makes covid-19 amendments to bankruptcy law
Brazil makes covid-19 amendments to bankruptcy law

Brazil makes covid-19 amendments to bankruptcy law

07 April 2020

Following examples from around the world, Brazil has moved to temporarily amend its bankruptcy law to help the economy through covid-19 – but ambitions to get longer-term amendments through at the same time look likely to be dashed.

LatAm competition enforcers concerned about covid-19 measures
LatAm competition enforcers concerned about covid-19 measures

LatAm competition enforcers concerned about covid-19 measures

06 April 2020

Antitrust enforcers across Latin America continue to ensure that competition remains in markets, despite economic and social regulations to stop the spread of covid-19 putting a third of the world’s population under lockdown.

Plan ahead: what labour lawyers are telling companies amid covid-19
Plan ahead: what labour lawyers are telling companies amid covid-19

Plan ahead: what labour lawyers are telling companies amid covid-19

27 March 2020

Covid-19 landed in Latin America on 26 February, bringing with it an onslaught of labour and employment issues for the region’s companies and workers. Latin America’s top labour lawyers are now advising their clients on how to handle their workforces in the wake of the crisis, as the evolving outbreak presents unique employment issues for businesses.

Bruchou behind covid-19 pro bono initiative in Argentina
Bruchou behind covid-19 pro bono initiative in Argentina

Bruchou behind covid-19 pro bono initiative in Argentina

08 April 2020

Latin Lawyer Elite firm Bruchou, Fernández Madero & Lombardi has helped the Argentine Ministry of Health implement a project to raise funds and strengthen local hospitals by providing equipment to fight the covid-19 pandemic.

Covid19Tracker: El Salvador’s new app fighting the pandemic
Covid19Tracker: El Salvador’s new app fighting the pandemic

Covid19Tracker: El Salvador’s new app fighting the pandemic

21 April 2020

Latin Lawyer speaks to Carlos Miguel Rivas, a lawyer and tech start-up co-founder whose new app is helping to track and contain the covid-19 epidemic in El Salvador.

What covid-19 means for Latin American arbitration
What covid-19 means for Latin American arbitration

What covid-19 means for Latin American arbitration

23 April 2020

Covid-19 is creating challenges and uncertainty for international arbitration practitioners across Latin America, but it is also generating opportunities, says Aníbal Sabater, a partner at Chaffetz Lindsey LLP.

Courts across Brazil increase productivity during coronavirus outbreak
Courts across Brazil increase productivity during coronavirus outbreak

Courts across Brazil increase productivity during coronavirus outbreak

09 April 2020

Appeals court judge Maria Teresa Gazineu was about to close another hearing session with her colleagues at Rio de Janeiro’s state court – Brazil’s second-biggest – when she spoke to Latin Lawyer about the full adoption of electronic systems allowing the hearings to be held completely online.

Sergio Bermudes in Supreme Court quarantine law request
Sergio Bermudes in Supreme Court quarantine law request

Sergio Bermudes in Supreme Court quarantine law request

08 April 2020

Sergio Bermudes Advogados has helped Brazil’s association of private health service providers CNSaúde issue a request asking the Supreme Court to provide clear interpretation to Brazil’s quarantine law.

The dramatic changes to deal-making under covid-19
The dramatic changes to deal-making under covid-19

The dramatic changes to deal-making under covid-19

26 March 2020

The covid-19 crisis is unprecedented, spreading across the globe with unforeseeable consequences for people’s lives and the global economy. As markets across the world adapt to operate under strain, Luís Bulcão Pinheiro talks to M&A partners to find out how deal-making is faring in the era of covid-19.

Covid-19 grounds Latin America’s tourism sector
Covid-19 grounds Latin America’s tourism sector

Covid-19 grounds Latin America’s tourism sector

22 April 2020

During what is usually high season for the industry, Latin Lawyer speaks to external counsel advising companies in Latin America’s tourism and hospitality sector, which has been hit hard by the covid-19 pandemic.

Coronavirus reveals shortcomings in Peru’s prosecutorial system
Coronavirus reveals shortcomings in Peru’s prosecutorial system

Coronavirus reveals shortcomings in Peru’s prosecutorial system

22 April 2020

Peruvian lawyers hope prosecutors will be able to conduct investigations more efficiently after being forced to work remotely amid the coronavirus pandemic.

Are social bonds the answer to Latin America’s liquidity needs?
Are social bonds the answer to Latin America’s liquidity needs?

Are social bonds the answer to Latin America’s liquidity needs?

27 April 2020

Social bonds allocated to environmental, social and governance (ESG) assets were a relatively new phenomenon in Latin America prior to the covid-19 crisis. But as states, quasi-sovereigns and corporates scramble to shore up their finances in the wake of the pandemic, social bonds could present a much-needed source of liquidity. New York-based Linklaters counsel Alejandro Gordano weighs up the pros and cons of the novel financing instrument.

Cyber threats in the time of covid-19
Cyber threats in the time of covid-19

Cyber threats in the time of covid-19

23 April 2020

Technologies that foster remote working are having a moment. The covid-19 pandemic means most of us are working from home, with lawyers relying on online communication platforms to contact colleagues and clients. Within this era of remote working, tech threats loom larger than ever. Law firms must ensure their lawyers, clients and data are protected.

Creditors “respectful” of public health crisis in sovereign debt talks, says Quinn Emanuel partner
Creditors “respectful” of public health crisis in sovereign debt talks, says Quinn Emanuel partner

Creditors “respectful” of public health crisis in sovereign debt talks, says Quinn Emanuel partner

23 April 2020

Quinn Emanuel Urquhart & Sullivan LLP partners Dennis Hranitzky and Susheel Kirpalani consider the impact of the current public health crisis on sovereign debt workouts in Latin America. By Jordan Fermanis

Chameleonic law firms: adapting to a crisis
Chameleonic law firms: adapting to a crisis

Chameleonic law firms: adapting to a crisis

24 April 2020

With economies at a standstill, companies fighting for survival and vulnerable local communities in need of pro bono counsel, the work of law firms has taken a drastic turn in recent weeks. Latin Lawyer speaks to law firm partners to learn about what measures they have taken to manage the crisis in the two months since the first covid-19 case was detected in the region.

Ecuador teeters on the edge amid public health crisis
Ecuador teeters on the edge amid public health crisis

Ecuador teeters on the edge amid public health crisis

28 April 2020

Ecuador is one of covid-19’s worst-hit countries in Latin America. Before the pandemic, it was already expecting a difficult 2020, but the coronavirus has further worsened that forecast and a foreign debt crisis is now looming large.

Ecuador adopts expedited merger protocol amid covid-19 woes
Ecuador adopts expedited merger protocol amid covid-19 woes

Ecuador adopts expedited merger protocol amid covid-19 woes

29 April 2020

Ecuador’s antitrust authority has adopted a fast-track merger notification procedure in response to the coronavirus pandemic that has devastated the country’s economy.

Latin American airlines are down, but not out
Latin American airlines are down, but not out

Latin American airlines are down, but not out

29 April 2020

In the decade ahead of the 2017 Centre for Aviation (CAPA) summit in Colombia, Latin American airlines had tripled their flight seats on offer and the region was comfortably the world’s fastest growing for online reservations. At the summit, experts expressed optimism for the region’s aviation sector – but three years and a pandemic later, global airline revenues are forecast to lose a whopping US$315 billion.

Deal-making in a crisis: how M&A deals are affected by covid-19
Deal-making in a crisis: how M&A deals are affected by covid-19

Deal-making in a crisis: how M&A deals are affected by covid-19

30 April 2020

The covid-19 pandemic generates complex challenges in almost every area of law. This is because of the deep economic crisis it will produce – some speak of a recession similar to the Great Depression of the 1930s – and the alteration of the conditions in which businesses operate. Juan Tagle, an M&A partner at Chile’s Prieto Abogados, considers the impact on M&A deals in various stages of completion.

Brazilian court authorises face mask re-sterilisation
Brazilian court authorises face mask re-sterilisation

Brazilian court authorises face mask re-sterilisation

04 May 2020

Brazil’s Felsberg Advogados has helped local medical sterilisation company Bioxxi obtain a court order authorising companies like itself to safely sterilise personal protective equipment (PPE) over the course of the covid-19 pandemic for reuse by medical professionals.

Arbitration tribunal refuses to suspend Bolivia claim over pandemic
Arbitration tribunal refuses to suspend Bolivia claim over pandemic

Arbitration tribunal refuses to suspend Bolivia claim over pandemic

04 May 2020

A tribunal at the Permanent Court of Arbitration has refused to extend a deadline for Bolivia to submit its statement of defence in an investment treaty claim, after the state argued that the coronavirus pandemic had made work on the submission “virtually impossible.”

Wrong move or LatAm pioneers? Chile’s controversial carnet de alta
Wrong move or LatAm pioneers? Chile’s controversial carnet de alta

Wrong move or LatAm pioneers? Chile’s controversial carnet de alta

06 May 2020

Chile is the only country in the world pressing ahead with plans to issue carnets de alta – release cards – for individuals who have recovered after contracting coronavirus. The logic behind the cards is to enable staff who have had covid-19 to return to work quickly to help restart the economy. But law firms and clients must tread carefully, with the legal implications surrounding the use of the cards leaving lawyers divided over their effectiveness.

Brazil’s top prosecutor defends telecoms data collection scheme
Brazil’s top prosecutor defends telecoms data collection scheme

Brazil’s top prosecutor defends telecoms data collection scheme

06 May 2020

With Brazil’s Federal Supreme Court set to decide the lawfulness of a government order for telecoms companies to provide information on up to 226 million residents, the country’s attorney general has issued an opinion arguing that the government’s scheme is constitutional given the circumstances presented by the covid-19 pandemic.

Fuelling change: how covid-19 is impacting Brazil’s oil industry
Fuelling change: how covid-19 is impacting Brazil’s oil industry

Fuelling change: how covid-19 is impacting Brazil’s oil industry

07 May 2020

It’s painfully simple. With most places around the world ground to a halt amid the covid-19 crisis, the global demand for the world’s most popular energy source – oil – has plummeted. Brazil is no exception. This is far from ideal for state-owned Petrobras, but it’s also concerning for small and medium-sized businesses in the oil sector having to adapt to this new paradigm.

What travel restrictions do Argentina and Brazil face right now?
What travel restrictions do Argentina and Brazil face right now?

What travel restrictions do Argentina and Brazil face right now?

12 May 2020

The covid-19 crisis has led to a dramatic downturn in global mobility. LACCA asked member firms of Ius Laboris, the world’s largest HR and employment law firm alliance, to provide guidance on the pandemic’s impact on travel, global mobility and immigration for businesses in Brazil and Argentina.

Banking barricades: central banks brace for the impact of covid-19
Banking barricades: central banks brace for the impact of covid-19

Banking barricades: central banks brace for the impact of covid-19

13 May 2020

When it comes to the effect of covid-19 on the economy, one word comes to mind: devastating. While governments are taking action to protect people against the public health crisis, Latin America’s central banks are putting measures in place to brace for the economic impact of the pandemic.

Vaca Muerta: the day after the day after
Vaca Muerta: the day after the day after

Vaca Muerta: the day after the day after

14 May 2020

Less than six months ago, Argentina’s world-class shale play, Vaca Muerta, was booming. Since then covid-19 has hit Argentina, oil prices have nosedived, and lockdown measures have made companies close wells and stop new drillings. In preparation for the day after coronavirus, Martínez de Hoz & Rueda partner José Martínez de Hoz considers what Argentina should do to put Vaca Muerta and Argentina back on track.

Moving the goalposts: a covid-19 vaccine poses risk to patent-holders
Moving the goalposts: a covid-19 vaccine poses risk to patent-holders

Moving the goalposts: a covid-19 vaccine poses risk to patent-holders

18 May 2020

Covid-19 has put the world on hold; most experts say the prospect of lifting lockdown measures relies heavily on finding an effective vaccine to stop the virus spreading. Several governments look set to introduce controversial compulsory licensing laws for any breakthrough vaccine to become publicly available, but lawyers in Latin America have voiced concerns about how this will impact IP rights in the region.

As the world “drowns in oil,” it’s fight or flight for Mexico’s oil sector
As the world “drowns in oil,” it’s fight or flight for Mexico’s oil sector

As the world “drowns in oil,” it’s fight or flight for Mexico’s oil sector

21 May 2020

Mexican state-owned oil giant Pemex dominates its nation’s oil industry, but it’s also the world’s most indebted company. The global oil crisis, in part triggered by the covid-19 pandemic, spells disaster for the government’s controversial plans for the industry, but more private sector involvement could be the silver lining to come.

Garrigues behind covid-19 Central Bank credit programme in Chile
Garrigues behind covid-19 Central Bank credit programme in Chile

Garrigues behind covid-19 Central Bank credit programme in Chile

22 May 2020

Garrigues (Chile) has helped the country’s Central Bank create a new credit package worth some US$24 billion to help commercial banks strengthen their liquidity and to continue to grant loans to companies during the covid-19 pandemic.

Making a bad situation worse: covid-19 hits Bolivia’s hydrocarbons market
Making a bad situation worse: covid-19 hits Bolivia’s hydrocarbons market

Making a bad situation worse: covid-19 hits Bolivia’s hydrocarbons market

22 May 2020

Bolivia’s oil and gas market has suffered from structural flaws for years, but covid-19 is exacerbating the challenges facing the industry. Indacochea & Asociados energy partners Ricardo Indacochea and Mariana Pereira consider what the global pandemic means for Bolivia’s hydrocarbons sector.

Jaime Fernández Madero: how will covid-19 change law firms?
Jaime Fernández Madero: how will covid-19 change law firms?

Jaime Fernández Madero: how will covid-19 change law firms?

26 May 2020

Even after the spread of covid-19 has peaked, it is likely the world will be a very different place to what it once was. In the legal industry, the pandemic has led to changes in how law firms serve their clients that may well endure beyond the crisis. Some of these changes were in the air before covid-19, but now they seem more necessary than ever, finds Jaime Fernández Madero of Fernández Madero Consulting.

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TozziniFreire behind CoVida20 SME financing programme

26 May 2020

Brazilian Latin Lawyer Elite firm TozziniFreire Advogados has worked pro bono to help Sistema B, a global network for B companies, structure a lending programme that will offer loans to small and medium-sized enterprises (SMEs) during the covid-19 pandemic.

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Colombia's Davivienda gets IFC loan for projects impacted by covid-19

27 May 2020

Hogan Lovells LLP in Washington, DC, and Gómez-Pinzón in Bogotá have helped the International Finance Corporation (IFC) provide a US$100 million financing to Colombia’s Banco Davivienda, which will use the loan to help alleviate economic damage caused by the covid-19 pandemic in Colombia.