Market: Latin America & Caribbean

SiqueiraCastro hires new real estate head

Latin Lawyer 250 firm SiqueiraCastro has hired a legal director from Brazilian construction company Realibras Urbanismo as partner and head of its real estate practice.

17 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

Lefosse and R. Amaral guide Kora Saúde’s hospital purchase

Brazilian hospital chain Kora Saúde has called on Lefosse Advogados to purchase Hospital São Mateus, a leading medical institution in the north-eastern state of Ceará.

17 September 2021

Stocche Forbes appoints new M&A partner

Stocche Forbes has reinforced its corporate and M&A practice in São Paulo by hiring a senior associate from Machado Meyer Advogados as partner.

16 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

Veirano helps Swiss company buy Brazilian cosmetics brand

Swiss chemicals business Clariant has enlisted Veirano Advogados to buy the remaining stake it did not already own in cosmetics and personal care company Beraca Ingredientes Naturais.

16 September 2021

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