Work Area: Finance

Crédito Real seeks Chapter 15 recognition of Mexican liquidation

Shadow bank Crédito Real is seeking Chapter 15 recognition of its recently-ordered Mexican liquidation in Delaware to protect its US assets, as it looks to dismiss an involuntary Chapter 11 proceeding launched by creditors in New York last month.

21 July 2022

Ceramics group raises funds to refinance debt in Mexico

Several firms have helped Mexico’s Grupo Lamosa obtain US$197 million through two separate loan and securities transactions, the proceeds of which it will use to repay existing debt.

21 July 2022

Bogotá buses drive home financing 

Two offices of Clifford Chance LLP and Philippi Prietocarrizosa Ferrero DU & Uría (Colombia) have helped French and Colombian development banks lend US$130 million to the Bogotá bus system TransMilenio for the acquisition of an electric bus fleet.

20 July 2022

DOJ charges two asset managers in Venezuelan bribery scheme

The US Department of Justice (DOJ) has charged two financial asset managers for their alleged role in a scheme to launder an estimated US$1.2 billion in funds corruptly obtained from Venezuela’s state oil company, Petróleos de Venezuela (PDVSA).

20 July 2022

Several firms steer AES tender offer and loan in El Salvador

Alta Valdes, Suárez & Velasco in San Salvador has helped the local subsidiary of US energy group AES make a US$285 million tender offer and obtain a US$348 million credit line to purchase the tendered notes.

19 July 2022

Cross-border pharma loan calls on Colombian and Mexican advice

Latin American pharmaceutical company Acon-Vitalis has hired DLA Piper LLP in Bogotá and Mexico City to obtain a US$50 million credit line.

18 July 2022

Gómez-Pinzón structures environmental project donation

A group of organisations, including the World Wildlife Fund (WWF), has relied on Gómez-Pinzón to donate US$245 million for the protection of Colombia’s diverse natural environment.

15 July 2022

CR & F Rojas guides Bolivian real estate loan

The Bolivian subsidiary of Peruvian poultry group Ilender has hired CR & F Rojas Abogados to obtain a loan to finance the acquisition of a plot of land.

14 July 2022

King & Spalding hires Jones Day LatAm partner

Prominent project finance and banking partner Fradyn Suárez has left Jones Day for King & Spalding LLP’s newly-inaugurated Miami office, bringing firepower to its Latin American offering.

13 July 2022

BLP hires former central bank head in Costa Rica

Elite firm BLP (Costa Rica) has hired the former president of the country’s Central Bank as senior counsel, adding strength to its banking and finance practice.

07 July 2022

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