Latin America
Since the 1980s, Chadbourne has been one of the major international law firms active in Latin America. Chadbourne has represented clients in many of the highest profile transactions in the region, in such areas as mergers and acquisitions, capital markets, project finance, banking and restructurings.
Chadbourne has been recognized as a leader and pioneer in the region. Some of Chadbourne’s signature transactions in the region include representation of clients in the following transactions:
- first use of Cayman “branch” for offering by Chilean issuer of Yankee bonds
- the only issuance by a Latin American company of 100-year bonds
- representation of clients in three of the largest cross-border tender offers in the past decade
- first takeover/tender offer of a U.S. registered and listed Venezuelan company
- first ADR-driven proxy contest relating to control of a Latin American company
- the first Brazilian utility to be listed on the U.S. Stock Exchange
- the largest industrial energy project in South America
- local bond offerings credit enhanced by U.S. financial insurers
- designed political risk product in Latin America for OPIC’s participation in award-winning transaction
- first Latin American real estate company to be listed on a U.S. stock exchange
- first Latin American agricultural company to be listed on a U.S. stock exchange
- first Latin American rights offering
- first U.S. prepackaged Chapter 11 bankruptcy filing for a Latin American company with no operations in the U.S.
In addition to Chadbourne’s success in executing transactions, Chadbourne uniquely combines its legal excellence with entrepreneurship and sound business advice. As business lawyers, Chadbourne offers to its clients value-added services such as:
- assistance in strategic planning
- introductions to strategic partners in key geographic markets and industries
- assistance in capital raising activities of its clients through introductions to potential investors
- access to senior officials at banks and multilateral agencies
- in-house seminars to clients
- secondment of attorneys at client’s headquarters
- access to Chadbourne’s worldwide resources
As a service business, Chadbourne’s Latin America practice consists of a number of attorneys who are fluent in Spanish and Portuguese, as well as attorneys educated and admitted to practice law in various Latin American countries. They provide a thorough knowledge of the local customs, legal systems and political environments of most countries in Latin America. In addition, a number of Chadbourne partners have held senior positions at private equity firms, corporations and multilateral agencies, which provides clients with invaluable insight from a business and government perspective.
Representative Experience
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Agreement to Build and Operate Delayed Coker Unit at Chilean Refinery
Empresa Nacional del Petróleo
Consortium led by Chile's state oil company in connection with an agreement to finance, build and operate a $430 million delayed coker unit at ENAP's Aconcagua refinery.
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Debt Restructuring
TGS Creditors' Committee
Restructuring of dollar-denominated notes and bank and multilateral agency debt of $1.1 billion through a successful exchange offer by a natural gas pipeline company in Argentina.
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Debt Financing of Power-Generator Acquisition
Overseas Private Investment Corporation
$300 million long-term debt financing for the acquisition of a power generator with a capacity of 2,644 megawatt in Brazil.
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Rule 144A Offering
ISA do Brasil S.A.
$554 million Rule 144A offering to refinance the bridge financing obtained to fund its acquisition of a controlling interest in Companhia de Transmissão de Energia Elétrica Paulista (CTEEP), the second largest power transmission company in Brazil.
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Latin American Fund Formations
Southern Cross Group
Structure and formation of a Canadian private equity fund targeting investments in Latin America.
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Special Antitrust Counsel for Tender Offer
Companhia Vale do Rio Doce
$17.6 billion tender offer for Inco, a Canadian nickel company.
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Sale of Latin American Company
Sociedad Punta de Lobos S.A.
$480 million sale of Latin America's largest salt producer to a world-leading German supplier of fertilizers and salt products.
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[ more representative experience ]
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