Market: International

Court upholds Occidental fine over Ecuadorean oil field

A US court has confirmed an award requiring Occidental Petroleum to pay more than US$500 million to its Chinese-owned former partner in an oil block in Ecuador, rejecting arguments that an arbitrator’s failure to disclose a professional relationship with a member of the award creditor’s counsel team amounted to a “fraud”.

22 November 2021

Santander Chile makes debt issuances worth US$1.4 billion

Davis Polk & Wardwell in New York has helped Banco Santander Chile make three debt capital markets issuances, raising US$1.4 billion in total.

22 November 2021

Brazilian digital solutions business CI&T makes NYSE debut

Cleary Gottlieb Steen & Hamilton LLP in New York and São Paulo and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo have helped Brazilian digital solutions company CI&T raise US$225 million in an initial public offering on the New York stock exchange (NYSE).

19 November 2021

Marval stars in French-Chinese lithium project in Argentina

Chinese steel group Tsingshan has hired Marval O'Farrell Mairal to buy a minority stake in an Argentine lithium project from French mining company Eramet in exchange for a US$400 million investment commitment.

19 November 2021

Chilean real estate start-up Houm gets funding round

Philippi Prietocarrizosa Ferrero DU & Uría (Chile) has helped Silicon Valley-based venture capital group Goodwater Capital inject US$35 million in local property technology start-up Houm.

19 November 2021

Skadden, Cleary and Galicia in Cemex’s sustainable loan

Mexican cement maker Cemex has enlisted Skadden, Arps, Slate, Meagher & Flom LLP in New York to raise US$3.25 billion in what is thought to be Latin America’s largest sustainability-linked loan.

18 November 2021

Rio street lights turn “green” with help from several firms

Rio de Janeiro’s public lighting concessionaire Smart RJ has hired White & Case LLP in New York and São Paulo and Demarest Advogados in São Paulo to raise 925 million reais (US$170 million) in a social bond issuance, the proceeds of which it will use make the city’s light infrastructure more eco-friendly.

18 November 2021

Three firms steer Mexico’s first GP-led fund restructuring

Mexican private equity fund EMX Capital has enlisted Covington & Burling LLP in New York and local firm Ritch Mueller y Nicolau, S.C. to carry out Mexico’s first general partner (GP)-led secondary fund restructuring.

18 November 2021

Vale sells stake in US fertiliser Mosaic

Cleary Gottlieb Steen & Hamilton LLP in New York and São Paulo has helped Brazilian iron and nickel giant Vale sell its entire stake in US fertiliser producer Mosaic for nearly US$1.3 billion.

18 November 2021

Argentine fintech Ualá expands with Mexican bank buy

Argentine fintech Ualá has enlisted Hughes Hubbard & Reed LLP in New York to acquire Mexican lender ABC Capital, marking its first acquisition in Latin America's second largest economy.

18 November 2021

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