Work Area: Energy

Peru defeats hydro arbitration at ICSID

Six hydroelectric power companies have seen their International Centre for Settlement of Investment Disputes (ICSID) case against Peru dismissed on jurisdiction after a tribunal ruled that they could not combine their claims to meet contractual requirements that disputes must be worth over US$20 million to be heard at the centre.

26 August 2021

Enel and Panama settle ICSID dispute

Panama has agreed to pay Italian energy company Enel to settle an International Centre for Settlement of Investment Disputes (ICSID) case over delay in the construction of an electricity transmission line.

24 August 2021

Ex-Schmidt Valois partner re-joins the firm from CTA

Latin Lawyer 250 firm Schmidt, Valois, Miranda, Ferreira, Agel Advogados has reinforced its recognised energy offering by re-hiring former partner Alexei Vivan, who returns to the firm less than a year after leaving it for local outfit CTA Tocantins & Pacheco Advogados.

18 August 2021

US investor gets financing for Chilean gas purchase

Three White & Case LLP offices and Garrigues (Chile) have helped US energy investor Arroyo obtain a US$335 million acquisition financing for the purchase of Chilean gas company Gasmar.

17 August 2021

Mubadala subsidiary makes landmark project bond offer in Brazil

Skadden, Arps, Slate, Meagher & Flom LLP in São Paulo and New York and Brazilian firm Pinheiro Neto Advogados have helped local energy company MC Brazil Downstream issue bonds worth some US$1.8 billion – understood to be the largest project bond offering in the country’s history.

17 August 2021

Raízen launches Brazil’s largest IPO of 2021

Davis Polk & Wardwell LLP in São Paulo and New York and Brazilian firm Pinheiro Neto Advogados have helped ethanol producer Raízen make Brazil’s largest initial public offering so far this year, raising some 6.9 billion reais (US$1.3 billion).

11 August 2021

Enel Américas and Grupo Energía Bogotá join forces in Colombia

Garrigues (Colombia) has helped regional energy group Enel Américas launch a Colombian electricity supplier through a merger agreement with Grupo Energía Bogotá (GEB), worth US$673 million.

10 August 2021

AES Andes sells Chilean renewables portfolio to US investor

US investment fund Global Infrastructure Partners (GIP) has relied on Latham & Watkins LLP in New York and Washington, DC and Morales & Besa in Santiago to acquire a minority stake in a subsidiary of Chilean power company AES Andes for US$441 million.

09 August 2021

GEMSA gets power financing in Argentina

Argentina’s Generación Mediterránea (GEMSA) has enlisted Simpson Thacher & Bartlett LLP in New York and Salaverri, Burgio & Wetzler Malbrán in Buenos Aires to raise US$130 million in a bond issuance to fund the expansion of a power plant.

05 August 2021

Holland & Knight and Thompson & Knight finalise merger

US law firms Holland & Knight LLP and Thompson & Knight LLP have completed their tie-up – a move that substantially boosts the combined firm’s presence in Mexico.

04 August 2021

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