Market: International

Samarco tables US$10 billion restructuring plan

One month after securing Chapter 15 recognition in New York, Brazilian miner Samarco Mineração has proposed a judicial reorganisation plan that could see unsecured creditors take an 85% haircut on their claims.

16 June 2021

Brazil's QuintoAndar eyes up Mexico after US$300 million injection

Brazilian law firm Bronstein, Zilberberg, Chueiri & Potenza Advogados has helped US venture capital group Ribbit lead a US$300 million funding round in Brazilian real estate start-up QuintoAndar.

16 June 2021

Don’t overlook the G in ESG, warn panellists

In light of the widescale social impact of the pandemic, Latin American companies are increasingly looking at how to incorporate environment, social and governance (ESG) goals in their organisations, but businesses must ensure not to ignore the governance aspect of their ESG targets, or they may face additional compliance and corruption risks, say panellists at Latin Lawyer and GIR Connect: Anti-Corruption & Investigations Mexico.

14 June 2021

Multiple firms in Argentine Globant’s US$295 million equity offering

Argentine digital technology company Globant has relied on DLA Piper LLP in New York, Boston and Buenos Aires and Argentina's Marval O’Farrell Mairal to raise US$295 million in a follow-on offering.

14 June 2021

Uruguay’s first unicorn soars above target in Nasdaq IPO

Four Davis Polk & Wardwell LLP offices have helped tech company dLocal – Uruguay’s first unicorn – raise some US$710 million in an initial public offering.

11 June 2021

Rede D’Or São Luiz makes US$936 million equity offering in Brazil

Skadden, Arps, Slate, Meagher & Flom LLP in São Paulo and New York has advised Brazilian healthcare service provider Rede D’Or São Luiz in a primary and secondary offering worth 4.9 billion reais (US$936 million).

11 June 2021

Insurer pursues arbitration against Bolivia over pension reforms

A United Nations Commission on International Trade Law (UNCITRAL) tribunal has begun hearing a Swiss insurance company’s claim against Bolivia over the nationalisation of its pension system.

11 June 2021

Mexico’s Orbia issues sustainability-linked bonds

Mexican conglomerate Orbia has hired Cleary Gottlieb Steen & Hamilton LLP in New York and Ritch Mueller in Mexico City to raise US$1.1 billion in two sustainability-linked bond issuances, as well as launching a tender offer to repurchase debt.

11 June 2021

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

Asterion buys more LatAm data centres from Telefónica

Clifford Chance LLP in Madrid and London and Carey in Santiago have advised Spanish investment manager Asterion in its acquisition of four data centres in Chile and Spain from telecoms giant Telefónica, worth US$120 million.

10 June 2021

Get unlimited access to all Latin Lawyer content