Market: International

Live Nation revives acquisition of OCESA in Mexico

US company Live Nation Entertainment has hired Mexico’s Creel, García-Cuéllar, Aiza y Enríquez, SC to resume its purchase of a controlling stake in OCESA Entretenimiento, a leading concert promoter in Latin America, from media groups Televisa and CIE, for 8.8 billion Mexican pesos (US$444 million).

20 September 2021

Buenos Aires province restructures US$7.2 billion debt

The province of Buenos Aires has hired three offices of Cleary Gottlieb Steen & Hamilton LLP and DLA Piper (Argentina) to restructure US$7.2 billion worth of debt, which it defaulted on more than a year ago.

17 September 2021

Colombia liable in high-mountain mining dispute

A divided International Centre for Settlement of Investment Disputes (ICSID) tribunal has found Colombia liable in a US$700 million claim brought by a Canadian mining company that was deprived of its right to operate within an environmental preservation zone.

17 September 2021

Hogan Lovells steer landmark USMCA car factory labour dispute

Hogan Lovells LLP in Washington, DC and Mexico City has helped the Mexican subsidiary of US auto parts manufacturer Cardone reach an agreement with the United States Trade Representative (USTR) to compensate over a hundred workers, after former employees accused the company of preventing them from switching trade unions.

17 September 2021

GIC and Carlyle sell stakes in Brazil’s Rede D’Or

Singaporean sovereign wealth fund GIC and US private equity group Carlyle have hired Demarest Advogados and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados, respectively, to sell their shares in Brazilian private hospital group Rede D’Or São Luiz for 2.6 billion reais (US$501 million).

16 September 2021

Three firms in multi-currency loan for Colombian transmission line

Clifford Chance LLP in Washington, DC and New York and Brigard Urrutia in Bogotá have helped the Colombian branch of Spanish engineering company Grupo Ortiz obtain a two-tranche financing worth US$122 million to fund the construction of a transmission line.

16 September 2021

Chile’s EFE raises US$500 million in global debt tap

Chilean state-owned railway company Empresa de los Ferrocarriles del Estado (EFE) has enlisted Skadden, Arps, Slate, Meagher & Flom LLP in New York and Cariola, Díez, Pérez-Cotapos in Santiago to make a bond issuance worth US$500 million.

16 September 2021

Moneda and Patria create LatAm investment platform

Chile’s Moneda Asset Management has hired Skadden, Arps, Slate, Meagher & Flom LLP in New York, Barros & Errázuriz Abogados in Santiago and Uruguay's Guyer & Regules to join forces with Patria Investimentos to create a US$26 billion investment platform.

15 September 2021

Dentons appoints LatAm partner to lead BVI office

Global law firm Dentons has hired a former Harneys partner to lead its office in the British Virgin Islands, bringing Latin American experience to the role.

15 September 2021

Chile’s Honorato Delaveau in investment fund structuring

Three offices of US firm Duane Morris LLP and Honorato Delaveau in Santiago have helped a Chilean public fund managed by Banchile Inversiones raise US$115 million for a US-focused real estate investment fund.

15 September 2021

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