Here we celebrate “Leading Lights”, the law firms making a noteworthy contribution to strengthening Latin America’s pro bono culture.
Chile has filed a US$15 million International Chamber of Commerce (ICC) claim against a US lithium mining company over royalty payments due under an agreement to exploit one of the world’s largest reserves of the valuable metal.
The International Chamber of Commerce (ICC) has refused to disqualify three arbitrators who issued a US$265 million award in favour of the Panama Canal Authority, ruling that their alleged failure to disclose certain professional relationships did not call their impartiality into question.
Morales & Besa has helped a Chilean concessionaire issue project bonds for US$340 million to pay for debt related to the construction of a motorway.
Two French airport operators have threatened Chile with an International Centre for Settlement of Investment Disputes (ICSID) claim after their billion-dollar concession for Santiago’s international airport was severely disrupted by measures taken in response to the covid-19 pandemic.
The consortium that oversaw the expansion of the Panama Canal has applied to set aside a US$265 million International Chamber of Commerce (ICC) award in favour of the canal authority, alleging that the arbitrators failed to disclose “multiple cross-appointments and inter-relationships”.
Miranda & Amado Abogados in Lima and Barros & Errázuriz Abogados in Santiago have helped Peruvian conglomerate Grupo Gloria enter Chile by acquiring a minority stake in local cement maker Cementos Bío Bío for US$47 million.
An International Chamber of Commerce (ICC) tribunal has ordered the consortium that worked on the expansion of the Panama Canal to repay US$265 million to the country's canal authority while awarding the contractor a smaller amount of damages.
A New York court has rejected a US$2.4 billion debtor-in-possession (DIP) loan secured by Chilean airline LATAM from its shareholders, finding it had the effect of forcing an equity swap in a future restructuring.
Jones Day offices in Cleveland and São Paulo; Rodrigo, Elías & Medrano Abogados in Lima; Santos Neto Advogados in São Paulo; Argentina’s Wiener, Soto, Caparrós; and Gamboa, García & Cardona in Bogotá have helped a US polymer manufacturer acquire a colour masterbatch business from Switzerland’s Clairant for US$1.4 billion, expanding its existing presence in Latin America.