Market: Ecuador

Halliburton brings arbitration claim against Petroecuador

A subsidiary of US oil services giant Halliburton has brought an United Nations Commission on International Trade Law (UNCITRAL) claim against Ecuador’s national oil company.

10 September 2021

Arca buys Ecuadorean snacks producer Carlisnacks

Mexico’s Arca Continental has relied on Pérez Bustamante & Ponce (PBP) in Quito and Salaverri, Burgio & Wetzler Malbrán in Buenos Aires to purchase Ecuadorean snacks producer Carlisnacks.

08 September 2021

UK online payment company Paysafe continues LatAm expansion

Paysafe has enlisted Greenberg Traurig LLP as lead international counsel to make its second acquisition in Latin America in a couple of weeks, buying US counterpart SafetyPay and its operations in the region for US$441 million.

25 August 2021

Several firms in Brazil-Ecuador food retailer acquisition

Camilatam Ecuador, a subsidiary of Brazilian food company Camil Alimentos, has hired Trench Rossi Watanabe in São Paulo and Pólit & Pólit Abogados in Quito to acquire Transportes Ronaljavhu and its agribusiness division Dajahu for US$36.5 million.

23 August 2021

Plastics maker issues Peru’s first global sustainability-linked bond

Peruvian plastic packaging company San Miguel Industrias (SMI) has hired Skadden, Arps, Slate, Meagher & Flom LLP in New York and BBGS Abogados (Peru) to issue sustainability-linked bonds and launch a tender offer, with both transactions worth a total of US$585 million.

16 August 2021

Ecuador deposits ratified ICSID Convention

Ecuador has deposited its instrument ratifying the International Center for Settlement of Investment Disputes (ICSID) Convention with the World Bank and is now less than 25 days from rejoining the treaty.

10 August 2021

Multiple firms steer Lumen’s US$2.7 billion LatAm business sale

US private equity company Stonepeak has enlisted Simpson Thacher & Bartlett LLP in New York and Palo Alto as lead international counsel to buy Lumen Technologies’ Latin American business for US$2.7 billion.

05 August 2021

Ecuador in “default” as stay on Perenco arbitration award is lifted

Bahamian oil company Perenco says Ecuador has defaulted on an undertaking to pay a US$391 million International Centre for Settlement of Investment Disputes (ICSID) award, as a US court lifts a stay on its enforcement.

03 August 2021

Deloitte Legal poaches EY Law partner in Guatemala

Deloitte Legal in Guatemala City has strengthened its corporate and M&A offering by hiring Ruby Asturias from Latin Lawyer 250 firm EY Law (Guatemala), in the same month that the firm also added a labour partner in Argentina.

29 July 2021

AT&T sells LatAm assets to Argentina’s Grupo Werthein

Argentina’s Grupo Werthein has enlisted four Skadden, Arps, Slate, Meagher & Flom LLP offices and Bruchou, Fernández Madero & Lombardi in Buenos Aires as lead Latin American counsel to acquire regional entertainment company Vrio from US telecommunications group AT&T.

27 July 2021

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