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.
Venezuela’s state-owned oil company Petróleos de Venezuela (PDVSA) has turned to the Caracas, Washington, DC, London and Moscow offices of Hogan Lovells LLP to agree a US$1 billion financing contract with Russia's Gazprombank, aimed at boosting the country's flagging oil production.
US private equity firm SK Capital’s acquisition of three businesses from Swiss chemicals company Clariant, which was finalised earlier this month, drew on counsel from eight jurisdictions across Latin America.
Petroboscan, a mixed capital company in which Venezuela’s state-owned oil company, Petróleos de Venezuela (PDVSA) is the majority shareholder, has turned to regular counsel Curtis, Mallet-Prevost, Colt & Mosle LLP to secure a US$2 billion loan from Chevron.
Venezuela’s Rodriguez & Mendoza and the London office of Kirkland & Ellis LLP have helped European corrugated packaging company Smurfit Kappa issue bonds worth 250 million euros (US$323 million) in a private placement.
The initial results of the Latin American Corporate Counsel Association (LACCA)’s dedicated external counsel recommendation system – LACCA Approved – are taking shape, with a broad range of results submitted by members across the region.
White & Case LLP, acting through its Singapore, London and New York offices, and Venezuela’s Rodriguez & Mendoza have advised Indonesia’s national oil company, PT Pertamina, in the purchase of Harvest Natural Resources’ stake in a joint venture with Venezuelan state-owned oil company PDVSA.
Today one of the region’s more complex legal markets, Venezuela, is the subject of our daily analysis of the coverage in the new edition of the Latin Lawyer 250.
Much of Latin America emerged largely unscathed from the global financial crisis and continues to feature a host of countries experiencing economic growth rates the US and Europe can only dream of. So it is little surprise that increasing numbers of multinationals should look to the region in search of new markets and higher returns on investment. Joe Rowley takes a look at the leading M&A lawyers best equipped to help acquisitive companies seal the deal
Running a law firm or a legal department in today’s Venezuela has gone so far beyond ‘complex’ that maintaining a positive outlook would seem impossible. But, finds Clare Bolton, a fair number of Caracas’s lawyers think the glass just might be half full