Market: Chile

Repsol-YPF sells 36 per cent of Trasandino pipeline to Alberta Energy

Marval, O’Farrel & Mairal is acting as legal counsel for Canada’s Alberta Energy Co (AEC) in the purchase of 36 per cent of the stake in the Trasandino Chile-Argentina crude oil pipeline held by Spanish-Argentine oil company Repsol-YPF.

23 February 2001

Simplified Tender Offers in Chile

On January 5 the regulator Superintendencia de Valores y Seguros enacted general rules regulating simplified tender offers.

05 January 2001

Discussion of derivative action in Chile

January 2001: The recently approved Tender Offer and Corporate Governance Bill introduces certain issues of corporate governance issues into Chilean commercial legislation, with the purpose of bringing such legislation into line with international standards. The Bill however refers only to limited aspects of corporate governance.

01 January 2001

Inverlink acquires Chilean pension fund administrator for US$6 million

The buyers, advised by Guerrero Olivos bought Aporta Fomenta on December 28 after months of speculation.

28 December 2000

Legislation to create new investment climate for stock market in Chile

The government has approved new legislation, 'the New Law', on change of control and tender offers in companies which make public offers of their shares. The New Law will was enacted on December 20, 2000.

22 December 2000

Amendements to the Chilean Corporations Act

On December 20 2000, Law No. 19,705 (Act 19,705) was published in the Official Gazette. It introduces important amendments to the Corporations Act.

20 December 2000

US$ 51 million transboundary asset swap between Chile's Sipetrol and Repsol.

The swap contracts for the oilfield exploitation concessions in Argentina and Venezuela were signed on December 18, after the due diligence and after both companies had obtained the contractual authorisations required.

18 December 2000

Baker Botts LLP forms Latin American environmental lawyer network

On December 7, Baker Botts announced the formation of what James DeMent called, "a selective network of independent law firms for the exchange of information about environmental law in the region".

07 December 2000

Food: Carozzi becomes Chile's biggest confectionery manufacturer

The stock purchase agreement for the sale of 100 per cent of Ambrosoli, advised by Claro y Cía to Carozzi, advised by Guerrero Olivos, closed on December 5, 2000.

05 December 2000

Bond issue offered by Uruguayan government reflects Chilean economic performance

Carey & Cía, Shearman & Sterling and Guyer & Regules advised the underwriter in the November 29 issue of Ch$80 billion (US$140 million).

29 November 2000

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