An ICSID committee has discontinued proceedings brought by Venezuela to annul a US$42 million award in favour of a French investor after the state failed to make an advance payment of costs – while enforcement battles continue in the US courts.
Some 107 Latin American and international law firms have helped companies in the region raise nearly US$90 billion through 367 debt capital markets deals between January and June of this year, according to Latin Lawyer's data.
Latin Lawyer recorded 74 debt transactions in Brazil between March and April, worth a combined US$21.5 billion
Greenberg Traurig LLP's New York office has hired a Chilean native as partner for its Latin American practice from Hogan Lovells LLP.
Arnold & Porter in Washington, DC and New York and Consortium Legal (El Salvador) have helped El Salvador issue sovereign bonds worth US$1.1 billion, receiving the country’s lowest interest rate ever for a long-term issuance.
Hogan Lovells LLP in New York and Arias (Nicaragua) have helped Nicaraguan bank Lafise Bancentro obtain a US$100 million loan.
Hogan Lovells LLP in Washington, DC, and Dentons Muñoz in San José have helped IFC lend US$35 million to Banco Davivienda in Costa Rica.
Brazil’s financial markets authority will soon be able to levy larger fines and enter into leniency agreements to resolve investigations.
A joint venture that was granted a US$2.4 billion concession to provide digital taximeter and ride-hailing technology for taxi cabs in Mexico City is the subject of a threatened NAFTA claim and a pending International Chamber of Commerce (ICC) arbitration, it has emerged.
Simpson Thatcher & Bartlett LLP in New York and QIL+4 Abogados have helped Guatemala issue debt worth US$1.2 billion through a sovereign bond issuance.