Market: Colombia

Colombia faces second ICSID claim over mine expansion project

Multinational mining company Anglo American has filed an International Centre for Settlement of Investment Disputes (ICSID) claim against Colombia following a local court order blocking expansion plans at a coal mine over environmental concerns – after its partner in the project Glencore which has also lodged a claim against the state.

10 June 2021

SoftBank uses LatAm fund for WeWork JV and Mexican investment

Morrison & Foerster LLP in Miami and Los Angeles has helped SoftBank use its Latin American investment fund to inject US$150 million in investment platform Grupo Bursátil Mexicano (GBM) and, through a separate transaction, enter into a joint venture with US flexible office space provider WeWork.

09 June 2021

US private equity snaps up Colombian pharma group

US investment company Acon has hired Winston & Strawn LLP in New York and Washington, DC, Gómez-Pinzón in Bogotá and Mijares, Angoitia, Cortés y Fuentes SC in Mexico City to purchase pharmaceutical group Vitalis, which has facilities in Colombia and Mexico.

07 June 2021

Diversity Initiative of the Year Award: Gómez-Pinzón’s extended paternity leave

Featured in 15th Annual Awards

Latin Lawyer speaks to Gómez-Pinzón partners Natalia García Arenas and Paula Samper Salazar about the firm’s decision to allocate up to four weeks of paternity leave – 20 days more than stipulated by Colombian law. The extended paternity leave policy wins this year’s Diversity Initiative of the Year Award.

04 June 2021

Glencore brings third arbitration claim against Colombia

Glencore has filed an International Centre for Settlement of Investment Disputes (ICSID) claim against Colombia after a planned expansion at a coal mine was halted by a local court citing environmental concerns – the third case the Swiss commodities trader has brought against the state at the centre.

02 June 2021

Brigard Urrutia and Garrigues in Coltel-DirecTV broadband deal

Colombian telecoms company Coltel has hired Brigard Urrutia to buy the fixed internet business of the local branch of US satellite television service DirecTV.

01 June 2021

EY Law hires Gómez-Pinzón partner in Colombia

EY Law has strengthened its corporate offering in Colombia by hiring a partner from local firm Gómez-Pinzón.

28 May 2021

Deal of the Year Winner: Banking & Finance

Featured in 15th Annual Awards

When the covid-19 pandemic grounded the global travel industry, the subsequent financial strain caused Latin American aviation companies to drop off the radar one by one. Regional aviation group LATAM Airlines obtained a US$2.45 billion DIP financing from a group of international shareholders, creditors and lenders several months after the airline filed for Chapter 11 bankruptcy proceedings in New York in May 2020. This lifeline wins the banking & finance category of our Deal of the Year Awards.

24 May 2021

Deal of the Year Winner: Project Finance (Energy)

Featured in 15th Annual Awards

The combined project bond issuance and bank debt package was one of Latin America’s largest power project financings in 2020 and occurred over two concurrent cross-border transactions. The company’s multijurisdictional activities required the coordination of law firms in the US, Spain, Chile, Colombia and Panama. It is our energy project finance Deal of the Year.

24 May 2021

Colombia defeats arbitration claim by América Móvil

Colombia has prevailed in a billion-dollar International Centre for Settlement of Investment Disputes (ICSID) claim by Mexico's América Móvil over the alleged expropriation of a telecoms concession.

18 May 2021

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