A snapshot of the year’s most memorable developments in Latin America’s legal markets
Colombia’s Gómez-Pinzón Zuleta Abogados and the New York and Boston offices of Weil, Gotshal & Manges LLP have helped a group of investors led by US private equity firm Advent International acquire a US$1.1 billion minority stake in Oleoducto Central (Ocensa), which operates Colombia’s largest crude oil pipeline.
Venezuela’s Araque Reyna Sosa Viso & Asociados has signed a strategic alliance with IP boutique Bolet & Terrero.
The New York and Buenos Aires offices of Cleary Gottlieb Steen & Hamilton LLP, Chile’s Russi & Eguiguren and Colombia's Posse Herrera Ruiz have helped Chilean pharmaceuticals company CFR obtain a US$600 million bridge loan for its acquisition of South African healthcare company Adcock Ingram.
Cleary Gottlieb Steen & Hamilton LLP in Buenos Aires and New York, Chile’s Honorato Russi & Eguiguren and South African firm Bowman Gilfillan are helping Chilean pharmaceutical company CFR acquire its South African counterpart, Adcock Ingram, to form a combined company targeted at emerging markets.
Araque Reyna Sosa Viso & Asociados has opened an office in Valencia, the third largest city in Venezuela, through a merger with local labour and litigation boutique Sanoja Lai & Asociados.
In the latest instalment of our reflections on the Latin American legal market we turn to the Venezuelan firms featured in the 15th edition of Latin Lawyer 250.
With Venezuela gearing up for seven days of official mourning after yesterday’s announcement of the death of President Hugo Chávez at the age of 58, members of the country’s legal community have urged his successor to “build inclusiveness” within the country, while pointing out that a number of ambiguities within the country’s constitution must be clarified before a new president can be appointed.
Marieke Breijer charts the key developments in Latin America’s legal market over the last 12 months
As Venezuela gears up to vote in what is being described as one of the country’s most important presidential elections in a generation on Sunday, lawyers in Caracas say they are optimistic that a change of government is on the horizon, but note that a pro-Chávez majority in the legislature means that any legal reforms are likely to be slow-paced and difficult.