This week, a Panama law firm found itself at the centre of a global media storm after an alleged hacking of confidential data exposed its client list and business transactions. The ensuing coverage has shone a spotlight on the offshore financial system. The Latin American Lawyer
sat down with two Panamanian offshore lawyers to gauge the initial impact of the media allegations. See the report here
In other news, Paul Hastings launched in Sao Paulo while BLP opened its second office in Nicaragua and Hughes Hubbard announced it has entered into a cooperation agreement with a law firm in Rio de Janeiro.
Elsewhere, the car industry had some notable transactions across South America, with Carey and Philippi Prietocarrizosa Ferrero DU & Uría steering the sale of a Chilean car promotions website, TozziniFreire advising on a Brazilian-Chilean car leasing venture while FERRERE was instructed on the debt restructuring of a Chilean car dealer.
Other notable market moves in Latin America were the return of Jaime Zaldumbide to Pérez Bustamante & Ponce in Ecuador, Jones Day recruiting former U.S. prosecutor Eric Snyder for its São Paulo and Washington DC offices and Garrigues bulking up its global arbitration practice with the hire of Joe Tirado.
The Latin American Lawyer will be in New York on June 9th, running a roundtable on the subject M&A involving distressed companies in Latin America: risky business or opportunity? Contact us directly if you want to partner with The Latin American Lawyer and be a protagonist at this event, helping shape up the discussion. The event is free for in house counsel.