As we round up our tour of the region’s legal markets following the publication of the 18th edition of Latin Lawyer 250, today we look at Venezuela.
HSBC has turned to the London office of Linklaters and Panamanian firm Arias, Fábrega & Fábrega (ARIFA) for the sale of its Panama subsidiary to Colombia’s Bancolombia – the latest step by the world’s third largest bank as it sells out of lower growth jurisdictions in Latin America to concentrate on Brazil, Mexico and Argentina.
The Cyrus R. Vance Center for International Justice and a group of Venezuelan law firms last month hosted a seminar in Caracas to help promote the Pro Bono Declaration for the Americas.
Venezuela's Palacios, Ortega y Asociados has promoted labour lawyer Gilberto Jorge to the partnership.
Venezuela has signed agreements to buy foreign investors' stakes in two power companies and a telecoms operator in the last week. While the prices paid are reasonable, the country's lawyers think the process was far from fair.