Market: Peru

Muñiz, Forsyth advises Milpo in first Peruvian hostile takeover bid

Muñiz, Forsyth, Ramirez, Pérez-Taiman & Luna-Victoria is advising Compañía Minera Milpo SAA in a takeover bid launched for the acquisition of 100 per cent in shares of common stock of Compañía Minera Atacocha SA.

29 June 2001

Peru grants first telecoms submarine cable licence to private operator

Assisted by Berninzon, Loret de Mola & Benavides, Global Crossing has become the first private operator to win an international long distance concession contract in Peru. The deal will enable SAC Peru, GC´s local subsidiary, to provide carrier services through the South American Crossing submarine cable ring.

29 June 2001

Estudio Rosselló and COPRI publish a Legal Compilation of Peruvian Regulations for Infrastructure Concessions

During the last decade the Peruvian Government has introduced a great number of structural reforms allowing and promoting local and foreign investment in Peru. Such reforms have included the issuance of several laws enacted throughout the years in order to create an adequate legal framework to promote, among others, the awarding of infrastructure concessions as one of the main mechanisms to promote the development of local infrastructure.

22 June 2001

US, Chilean and Peruvian firms advise in US$320-million senior secured notes offering

Chilean firm Carey y Cía Ltda advised PSEG Energy Holdings, Sempra Energy and their Chilean affiliates in the issuance of the US$320-million senior secured notes offering of Chilquinta Energía Finance Co LLC’s US$120-million aggregate principal amount of 6.47 per cent senior notes due 2008 and US$200-million aggregate principal amount of 6.62 per cent senior notes due 2011.

22 June 2001

Muñiz, Forsyth, Ramí­rez, Pérez-Taiman & Luna-Victoria appointed counsel for the Camisea gas transportation project

Transportadora de Gas del Perú (TGP), a company jointly formed by Tecgas (Argentina, 30 per cent), Pluspetrol (Argentina, 19.2 per cent), Hunt Oil (US, 19.2 per cent), Sonatrach (Algeria, 10 per cent), SK (Korea, 9.6 per cent) and GyM (Peru, 12 per cent), is responsible for carrying out a US$700-million project to build and operate two pipelines from the Camisea gas fields to the Peruvian coast.

15 June 2001

Estudio Rosselló and COPRI publish compilation of Peruvian regulations on infrastructure concessions

Over the last decade the Peruvian Government has introduced a great number of structural reforms permitting and promoting local and foreign investment in Peru. Such reforms have included the passing of several laws creating an adequate legal framework to foster, among other things, the awarding of infrastructure concessions as one of the main mechanisms for promoting the development of local infrastructure.

08 June 2001

Avila & Vidal helps Colombians win BOOT bid

Avila & Vidal Abogados advised and represented Interconexión Eléctrica SA ESP (ISA) of Medellín, Colombia in an international public bid for a US$55-million BOOT contract for the design, operation and maintenance of a high-tension electricity transmission line in Peru. ISA beat off Red Eléctrica de España and Hydro Quebec to win the contract. The agreement was signed on April 30.

01 June 2001

Rodrigo, Elías advises Allianz Capital and Goldman Sachs in a major acquisition

Rodrigo, Elías & Medrano Abogados acted as Peruvian counsel for Allianz Capital Partners and Goldman Sachs in their global acquisition of Messer Griesheim GmbH, which closed on April 30.

01 June 2001

Government seeks double taxation agreements

On May 23 a draft ‘Proposal for a Peruvian Model Agreement on Avoiding Double International Taxation and Preventing Fiscal Evasion’ was published in the Peruvian Official Gazette.

01 June 2001

Expected new rules for the regulation capital markets in Peru

The Peruvian firm Rodrigo, Elías & Medrano Abogados has actively participated and contributed to the draft regulation on "Access to Financing through Capital Markets" proposed by the Peruvian Ministry of Economy.

25 May 2001

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