Argentina’s high-profile Cuadernos graft scandal might change its course under a new government, heard delegates at Latin Lawyer - GIR Live 7th Annual Anti-Corruption & Investigations, held earlier this month in São Paulo.
Cleary Gottlieb Steen & Hamilton LLP has promoted lawyers in its Latin American practice in New York and São Paulo as part of a global promotions round announced this month.
State-controlled Banco do Brasil has hired Shearman & Sterling LLP in New York and São Paulo and Machado Meyer Advogados in São Paulo to raise 5.8 billion reais (US$1.4 billion) in a secondary share offering.
Cleary Gottlieb Steen & Hamilton LLP’s offices in New York and Buenos Aires have helped the Republic of Uruguay issue notes worth US$1.3 billion.
Cleary Gottlieb Steen & Hamilton LLP in New York and Carey of Chile have helped the world’s largest copper producer Codelco issue bonds worth US$2 billion, as it prepares to upgrade several mining projects despite falling copper prices.
Felsberg Advogados is representing a Brazilian state-owned bank that has asked for scandal-ridden construction group Odebrecht to be liquidated, arguing that a restructuring plan tabled by the company is unlawful.
Davis Polk & Wardwell LLP in New York, Uría Menéndez in Madrid and Mexico’s Creel, García-Cuéllar, Aiza y Enriquez SC have helped Santander Spain increase its share capital in its Mexican subsidiary through an exchange offer.
Several law firms have advised on the latest debt offerings by Brazilian and Mexican state-owned oil companies Petrobras and Pemex, collectively worth some US$21 billion.
Delta Airlines has hired Sullivan & Cromwell LLP in New York, Barros & Errázuriz Abogados in Santiago and Demarest Advogados in São Paulo to buy a 20% stake in Latin America’s largest airline company – LATAM – in a deal worth US$1.9 billion.
Cleary Gottlieb Steen & Hamilton LLP in São Paulo and New York and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo have helped French insurer CNP Assurances agree a joint venture with Caixa Econômica Federal to distribute life insurance and pension plans in Brazil for nearly 30 years.