18 July 2019
Cleary Gottlieb Steen & Hamilton LLP in New York has helped state-owned oil company Pemex get a loan worth US$8 billion.
16 July 2019
Cleary Gottlieb Steen & Hamilton LLP in New York and Lefosse Advogados in São Paulo have helped Brazilian state-owned bank Caixa Econômica Federal sell its stake in Petrobras through the largest equity issuance in Brazil in six years, worth US$1.9 billion.
16 July 2019
Holders of Venezuelan sovereign bonds have responded to the Guaidó opposition’s guidelines for a US$150 billion debt restructuring, warning that a workout must be fair and transparent to creditors.
15 July 2019
The “astonishing” diversity of Venezuela’s US$150 billion debt pile means its potential sovereign debt workout will be unlike any seen before, the opposition government’s adviser Lee Buchheit has said, as he raised scepticism about state oil company PDVSA entering Chapter 15 bankruptcy in the US.
12 July 2019
Arnold & Porter in Washington, DC, and New York and Rebaza, Alcázar & De Las Casas in Lima have helped Peruvian agribusiness Camposol obtain a further US$49 million loan as part of a credit programme extension.
11 July 2019
The Republic of Chile has hired Cleary Gottlieb Steen & Hamilton LLP in Buenos Aires and New York and Morales & Besa in Santiago to issue Latin America’s first ever green sovereign bonds, through two international transactions worth a total of US$2.4 billion.
10 July 2019
Lawyers have welcomed a policy paper issued by the restructuring team for Venezuela’s opposition, which suggests treating diverse creditors equally to prevent Argentina-style holdout disputes.
08 July 2019
Cleary Gottlieb Steen & Hamilton LLP in Buenos Aires and Díaz Bobillo, Vittone & Associates have helped Central Puerto, one of Argentina's largest private sector power companies, acquire a thermal power plant from an Argentine state-owned energy company.
02 July 2019
Brazilian state oil and gas company Petrobras has paid over US$700 million to satisfy an award in favour of an offshore drilling contractor whom it accused of corruption – while retaining its right to appeal the confirmation of the award in the US courts.
28 June 2019
Claro & Cía in Santiago has helped multinational mining group Anglo American agree a new governance framework with Chilean state-owned counterpart Codelco over the two businesses’ neighbouring mining sites.