Grupo Soma spends US$1 billion on retail shopping spree

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados has helped Brazilian fashion company Grupo de Moda Soma acquire local clothing brand Cia Hering for 5.1 billion reais (US$966 million), just weeks after it purchased another fashion brand.

10 May 2021

Four firms steer Caixa Seguridade IPO

Hogan Lovells LLP in New York and São Paulo and Brazil’s Machado Meyer Advogados have helped local insurance company Caixa Seguridade raise 4.35 billion reais (US$814 million) in an initial public offering on the B3 stock exchange.

10 May 2021

Creel García-Cuéllar and Galicia in US$1.4 billion global plastics deal

US materials company Trinseo has hired several Kirkland & Ellis LLP offices and Creel, García-Cuéllar, Aiza y Enriquez SC in Mexico City to acquire the plexiglass division of French chemicals company Arkema for nearly US$1.4 billion, giving it manufacturing plants in Mexico.

10 May 2021

Peru's presidential frontrunner proposes ditching ICSID

Peruvian presidential frontrunner Pedro Castillo has pledged to withdraw the country from the International Centre for Settlement of Investment Disputes (ICSID) and other Investor-State Dispute Settlement (ISDS) mechanisms and create a new regional arbitration centre for South American nations if he wins a runoff vote in June.

10 May 2021

Carey boosts labour and banking with promotions

Chilean law firm Carey has promoted two lawyers to partner, strengthening its labour and banking and finance groups.

07 May 2021

Brazil's Banco Modal launches IPO

Milbank in New York and São Paulo and Brazilian law firm Pinheiro Neto Advogados have helped Banco Modal raise 1.2 billion reais (US$220 million) in an initial public offering on the B3 stock exchange.

07 May 2021

Second time lucky for WhatsApp payments in Brazil

WhatsApp’s payments platform in Brazil has won regulatory approval to operate, nearly a year after the Central Bank shut down its operations within days of launch.

07 May 2021

Peruvian gold miner digs out second loan extension

Peruvian law firm Payet, Rey, Cauvi, Pérez Abogados has advised Gold Fields La Cima, the local subsidiary of South African miner Gold Fields, on its second extension of a US$150 million loan obtained in 2017.

07 May 2021

Dutch investor snaps up Uruguay’s largest wind farm

Gómez-Acebo Pombo in Madrid and Hughes & Hughes in Montevideo have helped Dutch investment group DIF Capital Partners acquire a Uruguayan subsidiary of German wind turbine manufacturer Enercon in a deal that also involved a debt refinancing.

07 May 2021

Demarest adds energy firepower

Brazil’s Demarest Advogados has bolstered its energy group by hiring a partner from local firm Neiva, Barros & Figueiró Sociedade de Advogados (NBFA).

06 May 2021

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