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Programme announced for LACCA São Paulo

SP

A draft programme for LACCA’s annual meeting in São Paulo has now been released and includes sessions on cybersecurity; the real effects of Brazil’s contentious labour reform; LGBT rights; GCs’ ever-increasing compliance responsibilities; and how to master the art of boardroom politics. 

Brazil's Comptroller General of the Union upgrades Rolls-Royce bribery investigation

A Rolls-Royce jet engine

The Comptroller Generral (CGU) has formalised a bribery investigation into Rolls-Royce over allegations the UK engineering company bribed officials at Brazil’s state-controlled oil company Petrobras. By Michael Griffiths

Telefónica initiates dispute with Colombia

Telefonica's headquarters in Madrid

Spanish telecoms company Telefónica has made good on its threat to bring a claim against Colombia over the reversion of its assets in a telecoms concession – while another treaty claim filed by Mexican telecoms group América Móvil over the same measures continues.

Macri passes sweeping reforms to promote business and investment

Argentine Congress

The Argentine government has implemented new tax and bureaucracy-slashing reforms to improve the business environment and encourage investments. Lawyers are positive about the development but say that more changes are needed to get rid of red tape for companies and create greater legal certainty.

Brazilian in-house network Jurídico Sem Gravata launches offshoot in Argentina

Corporate counsel in Brazil are branching out to Argentina

The team behind Brazil’s Lawyers Without Ties (JSG) initiative aimed at fostering closer links between local in-house counsel have expanded their movement by setting up a chapter in Argentina. 

LACCA news in brief - 16 February

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This edition of news in brief sees an Argentinian football official escape extradition to face bribery charges in the US and the launch of a corruption investigation in Peru’s construction industry. Meanwhile in Brazil, Rio de Janeiro aims to tackle sexism in the media with a new state law. 

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

Gebara

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

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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

Gentil

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

AAEC

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

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

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