A Colombian public utility is seeking US$1.6 billion from a Spanish insurer following the collapse of a hydroelectric dam which caused a major flood, while another billion-dollar dispute with the consortiums behind the project has also gone to arbitration.
Multiple Norton Rose Fulbright offices and a slew of Latin American law firms have helped Swedish engineering company Sandvik acquire multinational mining solutions company DSI Underground from European investor Triton for 943 million euros (US$1.1 billion).
The unprecedented challenges surrounding the covid-19 pandemic have unearthed a new era of labour disputes. Unclear labour regulation, misuse of health data and frayed relations stemming from virtual people management missteps are some of the main sore spots spurring the current swell of labour claims, agreed panellists at LACCA’s Virtual Series.
LACCA hosted its first virtual event last month, where panellists came together from the comfort of their homes and offices to discuss some of the major topics on the minds of corporate counsel right now.
Davis Polk & Wardwell LLP in New York, Rodrigo, Elías & Medrano Abogados in Lima and Posse Herrera Ruiz in Bogotá have helped Peruvian healthcare provider Auna issue US$300 million worth of notes, while the company has also obtained a separate loan to expand a clinic.
Colombia’s Posse Herrera Ruiz has strengthened its infrastructure practice by hiring an in-house lawyer from local construction group El Cóndor as director.
Colombia’s highest administrative court has upheld an award that nullified an Odebrecht consortium’s contract for a billion-dollar highway construction on grounds of corruption – a project that has also given rise to International Chamber of Commerce (ICC) claims and an investment treaty dispute.
Multiple international and Latin American law firms have helped in the closing of LATAM Airlines’ US$2.45 billion debtor-in-possession (DIP) financing, after overcoming several judicial hurdles.
Latham & Watkins LLP offices in London, New York and Brussels and Colombia's Gómez-Pinzón have helped US investor The Carlyle Group acquire US oil company Occidental's entire portfolio of Colombian onshore oil assets for US$825 million.
Latin Lawyer will announce the winners of its 14th annual Deal of the Year Awards on Tuesday 29 September.