Shearman & Sterling combines its global footprint with on-the-ground capability and 100 years of experience playing an active, pioneering role in Latin America’s economic development. Our integrated Latin America team regularly advises on groundbreaking capital markets transactions, project financings, M&A, litigation, regulatory matters and investigations spanning a wide range of industries, including banking, energy, natural resources, mining, infrastructure, retail and telecommunications and media.
We are leaders in cutting-edge developments throughout Latin America, such as our unrivaled work in ESG and green and clean energy financing. We have advised on innovative matters in this space, including:
- the first-ever dollar- and euro-denominated green bond offerings by a Latin American issuer;
- ENGIE’s first green loan financing for the development of renewable projects in Mexico (ENGIE named IJGlobal’s Latin American Sponsor of the Year);
- the world’s first pilot project to monetise the cost of decarbonisation in connection with ENGIE’s decarbonisation project;
- the financings for all three phases of the award-winning Andes Renovables project in Chile; and
- the world’s first green hydrogen megaproject.
Additionally, we are leaders in social bonds and transactions meant to support financial sustainability throughout the region, including:
- various sovereign bonds to support covid-19 economic recovery, including for the Republics of Peru (LatinFinance’s Sovereign Bond of the Year), Uruguay and Honduras;
- the sale of Chile’s four largest electricity generation companies’ account receivables in response to the Tariff Stabilisation Law issued due to social unrest; and
- a receivables purchase facility for AES El Salvador to discount consumer invoices in response to covid-19.
The team has also advised on AES Panama’s $1.485 billion refinancing (IJGlobal’s Latin America Power Refinancing of the Year and the largest offering by a private issuer in Central America/Caribbean); the Republic of Argentina’s historic $65 billion debt restructuring (LatinFinance’s Restructuring of the Year and Latin Lawyer’s Restructuring Deal of the Year); PEMEX’s offering of $5 billion in debt securities (LatinFinance’s Quasi-Sovereign Bond of the Year); Azul’s convertible debentures (Latin Lawyer’s Capital Markets Deal of the Year); Rede D’Or’s IPO (one of the three largest IPOs in Brazil’s history); the Republic of Chile’s green bond offerings; and CABEI’s inaugural green bond offering.
On the M&A side, we advised Abertis Infraestructuras and GIC in their agreement to acquire a stake in Red de Carreteras de Occidente (LatinFinance’s Private Equity Deal of the Year). The firm also advised on Banco Bradesco’s acquisition of BAC Florida Bank.
We have also been one of the leading providers of pro bono services in Latin America for decades. Involved in the executive committee of the Cyrus R Vance Center for International Justice, lawyers from our team have been fundamental in growing the Women in the Profession program. They have served on a delegation from the Vance Center’s Lawyers Council for Civil and Economic Rights to observe and offer recommendations to the Peruvian government in the ongoing judicial appointment process. They have also advised the UN on criminal liability of corporations in Latin America. Additionally, the firm works with the Safe Passage Project to provide pro bono services to refugee and immigrant children.
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Tel: +1 212 848 4000
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