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Chilean electricity producer earns reprieve in hydroelectric project dispute

The dispute centres on a renewable energy project.

A tribunal at the International Chamber of Commerce (ICC) has refused to order a Chilean subsidiary of AES to post bonds worth US$73 million pending an arbitration over a hydroelectric power plant. The tribunal has simultaneously overturned a decision by an emergency arbitrator that required the company to hand over certain documents.

Mexico amends company dissolution law to encourage entrepreneurship

Companies can formally shut down operations more quickly under the amended law

GCs in Mexico say an amendment to the country’s Commercial Companies Act which makes it easier to dissolve private companies will increase legal certainty for budding entrepreneurs and promote investment and growth.

Grupo Lala hires GC to lead newly acquired Brazilian subsidiary


Mexican dairy company Grupo Lala has hired Sandra Gebara as general counsel, compliance officer and corporate affairs director for its newly acquired Brazilian dairy producer, Vigor.

New regulatory burdens for consumer protection in Mexico


Private practice lawyers outline the recent reforms strengthening product safety and consumer protection legislation in Mexico and what companies need to know. 

Former senior legal counsel swaps computer software for the IFC


The International Finance Corporation (IFC) has hired Ana Carolina Freire Gentil as its new legal extern to advise global private companies on investments and projects facilitated by the IFC.

Argentina fines pharmacy organisations for collusion

Lawyers say the violations were "quite obvious".

Argentina’s National Commission for the Defence of Competition has fined three pharmacy organisations a combined total of almost 6.5 million pesos (US$320,000) for price cartelisation, restrictive advertising practices and anticompetitively regulating operating hours. By Charles McConnell

Bayer/Monsanto merger pushes forward in Brazil

Some enforcer committee members still fear the deal will affect competition in Brazil's soybean market

Brazil’s competition enforcer has cleared Bayer’s US$66 billion takeover of Monsanto on condition that Bayer divests key business areas and that the merged agricultural company continues licensing products to third parties – even as critics in the US and EU urge that the deal be blocked. By Hettie O'Brien

Local lawyers launch first Central American association for in-house counsel


On 19 February 2017, the Asociacíon de Abogados de Empresas para Centroamérica will host its first ever event that marks the official launch of a unique platform for in-house counsel in Central America. LACCA catches up with some of the founding members of the association to understand how the idea came together as well as their plans for the future.

Movers & shakers - 2 February


LACCA’s latest roundup sees Latin American moves in the energy, banking and insurance markets. 

GCs applaud Peru’s new corporate liability law but call for more guidance on compliance practices

The Royal Palace of Justice in Lima, home to Peru's Supreme Court

As Peru joins other countries in Latin America in making companies criminally liable for bribery and money laundering, in-house counsel push for greater clarification on the necessary components of a good compliance programme. 

Porto Sudeste hires new general counsel


Brazilian port terminal operator and logistics company Porto Sudeste has hired Odilon Castello Borges Neto as its new general counsel to develop its legal and compliance function.

LACCA news in brief - 26 January


In this week’s round-up of the region’s biggest stories, former President Luiz Lula da Silva’s loses his court appeal against corruption charges, Walmart struggles to maintain its footprint in Brazil, and Guatemalan prosecutors open an investigation into allegation that Odebrecht paid bribes to local officials. 

Senior legal manager for AECOM leaves to found law firm


Having spent over a decade working in-house for various energy and infrastructure businesses, Chilean-born, Brazilian-raised Andrés Toro has returned to private practice, only this time it is to found his very own firm, Toro Advogados. He tells LACCA how his in-house experience has given him an insider’s perspective on what GCs really need from their external counsel. 

Trump in ICC fight over Panama hotel

The Trump International Hotel and Tower in Panama

Hotel management companies owned by US president Donald Trump have been accused of attempting to “bully, intimidate and harass” their way out of an ICC arbitration with the owner of the Trump International Hotel & Tower Panama.

Brasília becomes the latest state to approve anti-corruption law in Brazil

The legislative chamber of the federal district of Brasília

Brasilia’s legislative chamber has approved a new law which mandates that companies working on government contracts implement internal control and integrity programmes aimed at tackling bribery and ensuring greater transparency in public private partnerships (PPPs). 

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