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What now for Wal-Mart?

Around US$10 billion was wiped off Wal-Mart's market value on Monday

Thursday, 26th April 2012 by Rosie Scammell

As Mexico launches an investigation into alleged bribery by Wal-Mart, lawyers examine how corporations should handle FCPA investigations, and the implications for the world's largest retailer.

Santiago court refuses Anglo American dividend freeze

Thursday, 26th April 2012 by Rachel Hall

A Santiago civil court has rejected Chilean state-owned miner Codelco’s demand to freeze 49 per cent of London-listed Anglo American’s southern Chilean mining unit’s dividends, a move that was prompted by an on-going dispute over prized copper assets in Chile.

De Luca Derenusson helps hotel heavyweight enter Brazil

Thursday, 26th April 2012 by Joe Rowley

Brazil’s De Luca, Derenusson, Schuttoff e Azevedo Advogados has helped Spanish tourism group HOTUSA and Brasília-based hotel chain Nobile close a joint venture to build a new hotel in Brasília.

Davis Polk, Lefosse, Mattos Filho and Latham in Qualicorp debt offering

Thursday, 26th April 2012 by Rachel Hall

Brazilian health insurer Qualicorp has retained US firm Latham & Watkins LLP and Brazil’s Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados for a US$410 million secondary share offering.

BTG Pactual IPO raises US$1.96 billion

The high valuation of BTG Pactual represents a vote of confidence for Brazil's capital markets

Wednesday, 25th April 2012 by Rachel Hall

Machado, Meyer, Sendacz e Opice Advogados, Lefosse Advogados, Skadden, Arps, Slate, Meagher & Flom LLP, Shearman & Sterling LLP and Conyers Dill & Pearman have helped BTG Pactual raise 3.656 billion reais (US$1.96 billion) in the first ever initial public offering by a Brazilian investment bank.

Repsol and Spain have raft of legal options against Argentina, says Spanish arbitrator

Wednesday, 25th April 2012 by Rachel Hall

When Spanish energy producer Repsol announced on Monday that it reserves the right to take legal action against companies investing in YPF, the oil group it controlled until last week’s expropriation by the Argentine government, it signalled its intentions to pursue just one of several available legal avenues.

Six firms in Peruvian project bonds deal

Wednesday, 25th April 2012 by Joe Rowley

Half a dozen firms have helped port consortium Terminales Portuarios Euroandinos (TPE) issue project bonds worth US$110 million to finance the first stage of the redevelopment of Paita port in northwestern Peru.

Prietocarrizosa helps Tate & Lyle sell stake in citric acid JV

Wednesday, 25th April 2012 by Joe Rowley

Prietocarrizosa has helped UK sugar company Tate & Lyle sell its 50 per cent stake in Colombian citric acid producer Sucromiles to its longstanding joint venture partner, Organización Ardila Lülle.

Wolverine and Forus form Colombian footwear joint venture

Wednesday, 25th April 2012 by Rachel Hall

Colombia’s prietocarrizosa and US firm Gibson, Dunn & Crutcher LLP have helped US-based Wolverine Worldwide enter into a joint venture with Chile’s Forus that will market footwear in Colombia.

Wal-Mart faces FCPA probe

Since entering the Mexican market in 1991, Wal-Mart has grown to over 2,000 retail outlets

Tuesday, 24th April 2012 by Rosie Scammell

Two US congressmen announced yesterday they are launching an investigation into allegations of bribery by Wal-Mart in Mexico to determine whether the retailer has violated the Foreign Corrupt Practices Act (FCPA).

BP sues Bridas over failed asset sale

Tuesday, 24th April 2012 by Joe Rowley

BP has filed a lawsuit against Bridas stemming from the Argentine company’s collapsed US$7.06 billion bid to buy the UK company’s stake in Pan American Energy last year, arguing that it should not face future claims if it agrees to pay a US$700 million breakup fee.

Canadian pension fund buys in Chile

Tuesday, 24th April 2012 by Joe Rowley

Sullivan & Cromwell LLP and Carey y Cía have helped the Canada Pension Plan Investment Board (CPPIB) buy a stake in Chile’s largest urban toll road operator, Grupo Costanera.

Heather & Heather in innovative steel restructuring

Tuesday, 24th April 2012 by Joe Rowley

Heather & Heather SC has helped creditors in embattled steel products company Grupo Collado agree a restructuring package that the firm says could set a precedent for incentivising debt prepayment for other insolvent companies in Mexico.

Baker promotes in Argentina

Tuesday, 24th April 2012 by Rachel Hall

Baker & McKenzie (Argentina) has boosted its corporate, real estate and mergers and acquisitions departments with the promotion of Alejandra Bugna to partner.

Nemak buys US parts manufacturer

Monday, 23rd April 2012 by Rachel Hall

Weil, Gotshal & Manges LLP has helped Tenedora Nemak, the automotive components subsidiary of Mexican industrial company ALFA, acquire JL French Automotive Castings.

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