News

Brazilian gym chain Smart Fit launches IPO

Simpson Thacher & Bartlett in New York and São Paulo and Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped Latin America’s largest gym chain Smart Fit raise 2.3 billion reais (US$450 million) in an initial public offering on the São Paulo stock exchange, B3.

26 July 2021

Uber acquires remaining stake in Cornershop

Three Gunderson Dettmer offices in the US and DLA Piper (Chile) have helped grocery delivery start-up Cornershop sell the remaining stake in the company to Uber for US$1.4 billion.

26 July 2021

Demarest disrupts market with new start-up initiative

Latin Lawyer Elite firm Demarest Advogados has launched a new initiative to offer tailored legal advice and flexible fees to Brazilian start-ups, supported by a local crowdfunding platform.

26 July 2021

Tech to drive down external counsel spend, say GCs

Latin Lawyer's affiliate platform Latin American Corporate Counsel Association (LACCA) has published the results of its latest technology survey, finding that nearly a third of corporate counsel polled plan to send less work to external counsel as a result of adopting new technologies in the next three years.

26 July 2021

Pinheiro Neto and Mattos Filho in Anhanguera-TIM education tie-up

Telecoms group TIM Brasil has turned to Pinheiro Neto Advogados to partner with Anhanguera Educacional to create a new online learning platform.

26 July 2021

Several firms seal Cancún hotel acquisition

Latham & Watkins LLP in New York and Chicago has helped Mexico’s Playa Hotels & Resorts sell a hotel in Cancún for 1.1 billion Mexican pesos (US$55 million).

26 July 2021

Brazilian car services merger calls on two firms

Brazil’s WebMotors, an e-commerce site to trade used vehicles, has enlisted LGT Advocacia to acquire a majority stake in Car10 Tecnologia e Informação, a platform that brings together thousands of local workshops and automotive services.

26 July 2021

Magazine Luiza splurges on super app shopping spree

Brazilian retailer Magazine Luiza has hired Machado Meyer Advogados and TozziniFreire Advogados for several acquisitions to add four start-up and e-commerce companies to its digital app, on one occasion shelling out 3.5 billion reais (US$674 million) in what is understood to be the retailer’s largest acquisition to date.

23 July 2021

Ecuador ratifies ICSID Convention

Ecuador has ratified the International Centre for Settlement of Investment Disputes (ICSID) Convention, sealing the state’s return to the treaty that it denounced over a decade ago.

23 July 2021

Botelho Advogados hires Demarest lawyer as partner

A former Demarest Advogados lawyer has joined Brazilian law firm Botelho Advogados as partner, strengthening its disputes, data protection and IP practice areas.

23 July 2021

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