Market: Colombia

Former insurance CEO admits Ecuador bribery

The former CEO of the Colombian subsidiary of UK insurance company Jardine Lloyd Thompson has pleaded guilty for his role in a scheme to bribe Ecuadorian officials.

10 August 2020

Colombia's competition agency fines military rations cartel

Colombia’s competition authority has punished four food suppliers for rigging bids to provide the country’s military with food for ration packs and, for the first time, has imposed the maximum fine on an individual for violating competition law.

10 August 2020

Canadian miner raises funds for gold project in Colombia

Wildeboer Dellelce LLP in Toronto and Dentons in Calgary and Bogotá have helped Canadian miner Caldas Gold raise US$37 million in an equity issuance to expand its mining operations in Colombia.

07 August 2020

Santiago bus company restructures debt and sells terminals

Cleary Gottlieb Steen & Hamilton LLP in New York and Mendoza Abogados in Bogotá have helped Chilean bus concessionaire Inversiones Alsacia, and its subsidiary Express de Santiago Uno, renegotiate the terms of an existing debt agreement, while the company also sold five bus terminals in Santiago.

07 August 2020

Posse Herrera steers Peruvian-Colombian finance merger

Posse Herrera Ruiz has helped Peruvian financial services company Credicorp Capital and Colombian counterpart Ultraserfinco finalise their merger.

07 August 2020

Dentons makes two partners in Colombia

Dentons Cardenas & Cardenas has bolstered its project finance and oil and gas practices by adding two partners in Bogotá, following a promotion and a hire of a former in-house counsel of Canadian energy company Frontera.

04 August 2020

Canadian power financing calls on Colombian firms

Borden Ladner Gervais LLP in Toronto and Posse Herrera Ruiz in Bogotá have helped Canada’s Northland Power get a US$343 million loan to pay off debt held by its Colombian subsidiary.

04 August 2020

Creditors object to LATAM debtor-in-possession loan

LATAM Airlines has run into judicial hurdles during its voluntary Chapter 11 proceeding, after creditors filed an objection to its US$2.45 billion debtor-in-possession (DIP) loan from Oaktree Capital Management and the airlines’ shareholders.

30 July 2020

Several firms in US-Swiss US$1.4 billion plastics maker buy

Jones Day offices in Cleveland and São Paulo; Rodrigo, Elías & Medrano Abogados in Lima; Santos Neto Advogados in São Paulo; Argentina’s Wiener, Soto, Caparrós; and Gamboa, García & Cardona in Bogotá have helped a US polymer manufacturer acquire a colour masterbatch business from Switzerland’s Clairant for US$1.4 billion, expanding its existing presence in Latin America.

30 July 2020

Ex-Obama official to co-chair Holland & Knight’s global trade group

Holland & Knight LLP has appointed a former Barack Obama undersecretary to co-head its international trade department, bringing years of experience working in Latin American trade to the role.

29 July 2020

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