Market: Colombia

Risk appetite for deal-making in Latin America in constant flux, says panel

Risk tends to be a negative pressure on deal-making, but the covid-19 pandemic has forced buyers and sellers to assimilate to new conditions to keep M&A activity flowing, according to panellists speaking at Latin Lawyer Live Interactive M&A.

21 October 2020

Dentons Cardenas opens Medellín office

Colombia’s Dentons Cardenas & Cardenas has boosted its local offering by adding a new office in Medellín, the firm’s second outpost in the country.

20 October 2020

Odebrecht bribery ruling upheld in Colombia

Colombia’s highest administrative court has upheld an award that nullified an Odebrecht consortium’s contract for a billion-dollar highway construction on grounds of corruption – a project that has also given rise to International Chamber of Commerce (ICC) claims and an investment treaty dispute.

16 October 2020

LATAM Airlines completes debtor-in-possession loan

Multiple international and Latin American law firms have helped in the closing of LATAM Airlines’ US$2.45 billion debtor-in-possession (DIP) financing, after overcoming several judicial hurdles.

14 October 2020

Avianca gets debtor-in-possession financing

US firm Milbank and Gómez-Pinzón in Bogotá have helped Colombian airline Avianca obtain a US$2 billion debtor-in-possession (DIP) financing, after getting approval from a New York bankruptcy court.

13 October 2020

Alternative US firm Rimon enters Colombia with Baker McKenzie hire

A law firm with roots in Silicon Valley that emphasises the use of technology to render legal services and operates largely virtually has opened its first Latin American office in Bogotá by hiring a tax partner from Baker McKenzie (Colombia), ahead of targeting Brazil and Mexico.

06 October 2020

Carlyle buys Colombian oil assets from Occidental

Latham & Watkins LLP offices in London, New York and Brussels and Colombia's Gómez-Pinzón have helped US investor The Carlyle Group acquire US oil company Occidental's entire portfolio of Colombian onshore oil assets for US$825 million.

06 October 2020

Why are companies sidelining cybersecurity?

Featured in Legal department spend 2020

LACCA’s legal spend survey found a large discrepancy between what in-house departments spend on technology and the amount they dedicate to cybersecurity. As companies strive to keep their businesses fully operational during the covid-19 pandemic, investing in cybersecurity is not high up on GCs’ priority lists but with attacks on the rise, should it be?

05 October 2020

Five firms seal landmark transmission line financing in Colombia

Norton Rose Fulbright in São Paulo and New York, Colombia’s Brigard Urrutia and Leite, Tosto e Barros Advogados in São Paulo have helped Brazilian holding company Alupar get a US$164 million project financing to build a transmission line in Colombia.

25 September 2020

Renewables companies get US$335 million loan for Colombian projects

Skadden, Arps, Slate, Meagher & Flom LLP in New York and Mendoza Abogados in Bogotá have helped the investment vehicle of Colombian renewables company Celsia and British counterpart Cubico obtain a US$335 million financing to acquire and develop power transmission projects in Colombia.

24 September 2020

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