Barros & Errázuriz Abogados in Santiago has helped Chilean pulp and paper company CMPC establish a joint venture with German logistics company Gusco.
A Portuguese court has refused to recognise the US$20 billion restructuring plan for Brazilian telecoms company Oi on the grounds that the matter is not yet closed – taking the opposite line to a recent New York court ruling.
CMS in Rio de Janeiro, CMS Rodriguez-Azuero in Bogotá and Holland & Knight (Colombia) have helped Colombia overhaul its offshore oil and gas contracts amid lacklustre production.
Just under half of the Latin American promotions reported to Latin Lawyer last month involved corporate lawyers as regional GDP growth recovers.
CMS Cameron McKenna LLP in Santiago, Mexico City, Lima and London; Beccar Varela in Buenos Aires; and Holland Knight LLP in Miami have helped UK insurance provider Charles Taylor acquire Argentine counterpart Inworx for US$50 million.
Beccar Varela in Buenos Aires has helped French renewables company Total Eren obtain a loan worth US$167 million to finance a wind project awarded under Argentina’s RenovAr renewable energy programme.
The Rio de Janeiro court supervising the high-profile restructuring of Brazilian telecoms group Oi has approved a US$20 billion restructuring plan that was agreed by creditors on 20 December.
After months of skirmishes in courts around the world, a majority of creditors for the Brazilian telecoms company Oi have voted to approve a US$20 billion restructuring plan in what is the country’s largest-ever bankruptcy.
Confidential settlement negations between the management of Brazilian telecoms company Oi and major creditor groups have come to an end without a deal, as bondholders rejected a plan support agreement approved by the company’s board that must now be presented to Brazil’s telecoms regulator.
Brazilian telecoms group Oi has submitted a revised restructuring plan before a court in Rio de Janeiro proposing a capital injection of 9 billion reais (US$2.8 billion), as creditors prepare to vote on whether the group can restructure seven entities in one go treating all creditors as a single, consolidated group.