News

Court upholds fine against Alcatel for corruption in Costa Rica

France’s highest court has rejected an appeal by telecoms company Alcatel-Lucent against a €150,000 (US$182,000) fine it received for paying bribes in Costa Rica in the early 2000s.

29 June 2021

Mexico’s CFE raises US$503 million in three bond issues

Mexican state-owned utility company Comisión Federal de Electricidad (CFE) has relied on local law firm Creel, García-Cuéllar, Aiza y Enríquez, SC to establish a debt certificate programme – worth 100 billion Mexican pesos (US$5 billion) – and make three bond issuances worth a combined 10 billion pesos (US$503 million).

29 June 2021

Veirano bolsters capital markets group with Citibank hire

Latin Lawyer Elite firm Veirano Advogados has bolstered its capital markets offering by hiring a former in-house counsel from the São Paulo office of US finance group Citibank as partner.

28 June 2021

BRF expands in Brazil’s pet food industry

Madrona Advogados has helped the pet food division of Brazilian nutrition group BRF acquire local counterpart Hercosul.

28 June 2021

Colombian 4G motorway project gets financing

Milbank in New York and Garrigues (Colombia) have helped three Colombian companies get a loan worth US$150 million to finance a new motorway.

28 June 2021

Pharma investor’s arbitration award against Ecuador upheld

A Dutch court has upheld a US pharmaceuticals company’s US$53 million investment treaty award against Ecuador, dismissing arguments that the arbitrators took on the role of a final appeal court when they held the state liable for a denial of justice.

28 June 2021

Codere becomes LatAm’s first listed gambling group

Davis Polk & Wardwell LLP in Madrid, New York and London has helped Spanish gambling company Codere Online combine with a Mexican special purpose acquisition company (SPAC) in a US$350 million deal that creates Latin America’s first listed gaming operator.

24 June 2021

Advent invests US$400 million in Brazil’s Ebanx

US private equity firm Advent International has relied on Simpson Thacher & Bartlett LLP in New York and Palo Alto and Pinheiro Neto Advogados in São Paulo to invest US$400 million in Brazilian payment company Ebanx.

24 June 2021

Construction investor brings third ICSID claim against Panama

A US construction group has brought a third International Centre for Settlement of Investment Disputes (ICSID) claim against Panama arising from its portfolio of projects in the country.

24 June 2021

Chile’s BCI launches online payment venture, buys Pago Fácil

A slew of Chilean firms and a Peruvian outfit have helped US financial services group EVO Payments enter a tie-up with Chile’s Banco de Crédito e Inversiones (BCI), with the pair launching an online payment venture that includes fintech Pago Fácil.

24 June 2021

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