Argentina’s Pérez Alati, Grondona, Benites & Arntsen and international law firm Shearman & Sterling LLP advised on the most debt capital markets transactions in Spanish-speaking Latin America during November and December, according to Latin Lawyer’s latest research.
An International Centre for Settlement of Investment Disputes (ICSID) tribunal hearing a case between US subsidiaries of Japanese tyre maker Bridgestone and Panama has refused to remove an expert witness hired by the state to give evidence on Panamanian law, where he had previously been in discussions with the claimants’ counsel about giving evidence for them.
An International Chamber of Commerce (ICC) tribunal has ordered the consortium working on a project to expand the Panama Canal to reimburse US$847 million in advances paid by the Panama Canal Authority – the second award in favour of the state entity in one of the numerous cases filed over the project.
Panamanian bank group Promerica has hired Hunton Andrews Kurth LLP in Miami and Richmond and Alemán, Cordero, Galindo & Lee in Panama City as lead counsel for its first ever US issuance, worth US$200 million.
Twenty-nine Latin American and 10 international firms helped Latin American companies outside of Brazil and Mexico issue debt worth US$8.2 billion in April and May, according to information gathered by Latin Lawyer.
Alemán, Cordero, Galindo & Lee’s office in Panama City and BLP (Costa Rica) have helped Colombian renewables company Celsia issue bonds worth US$320 million through its Panamanian subsidiary Alternegy.
The New York, London and Washington DC offices of Shearman & Sterling LLP, Miranda & Amado Abogados in Lima and Arias, Alemán & Mora in Panama City have helped Peruvian holding company Intercorp Financial Services issue its first global bonds, in an offering worth US$300 million.
Sullivan & Cromwell LLP’s Washington, DC, New York and London offices and Alemán, Cordero, Galindo & Lee in Panama City have helped Banistmo, the Panamanian arm of Colombia's Bancolombia, issue bonds worth US$500 million in its first international debt tap.
Miranda & Amado Abogados in Lima and Dentons Cardenas & Cardenas in Bogotá have helped specialty glass producers American Glass Products (AGP) obtain an US$85 million loan from Credit Suisse.
Panamanian financial provider Banco General Banco General has hired Shearman and Sterling LLP and Panamanian firm Arias, Fábrega & Fábrega for a US$550 million bond sale.