LatAm
Garrigues wins the IFLR award for Capital Markets Firm of the Year in Chile
Garrigues has been named Capital Markets Firm of the Year in Chile at the 13th Annual Americas awards held by International Financial Law Review (IFLR). The award ceremony, held in New York, recognized the advice provided by firms in the region that participated in the most innovative cross-border deals and demonstrated their knowledge and experience in strategic areas such M&A, banking and finance law, and restructuring.Garrigues brings in Javier de la Vega as a partner to strengthen its team in Peru and its tax practice in Latin America
Garrigues has strengthened it’s the Latin American tax practice by bringing in Javier de la Vega as a partner at the Lima office. Garrigues’ tax team in Latin America comprises seven partners and over 40 professionals, working from offices in Bogotá, Mexico City, Lima, Santiago de Chile and São Paulo.Arbitration, a growing trend in Europe and Latin America
Arbitration is a reality in Europe and if, we pay attention to the forecasts for 2018, the arbitration proceedings will grow in other regions, particularly in the Latin American market. Supporters of arbitration point out the legal certainty it offers, the flexibility and speed of arbitral proceedings, and its effectiveness in resolving conflicts. These three aspects are vital for promoting and ensuring foreign investment in the region. Moreover, local arbitration standards are a reflection of the business stability in a country.To merge or not to merge, that is the question
Javier Ybáñez, head of the Latin American practice, took part in the roundtable entitled ‘To Merge or Not to Merge’ to discuss mergers between law firms and the benefits and difficulties they can entail for firms and their clients. The discussion took place as part of the Latin American conference of the International Bar Association (IBA), held over the last few days in Mexico City. The Garrigues partner was joined by representatives from several international law firms involved in international expansion processes in Latin America: CMS Carey & Allende, Hogan Lovells, Uría Menéndez, Kerma Partners and Sette Advogados, in addition to Garrigues.The Celeo Redes bond issue, on which Garrigues acted as adviser, named Refinancing Deal of the Year
The Latin American team was recognized by the legal community for its participation in the bond issue capitalized by Celeo Redes in the local and international markets. The transaction was named Latin American Refinancing Deal of the Year at the New York ceremony of the Latin American awards held by IJ Global, a specialist in the infrastructure and project finance sector.Decree 415 of 2018 modifies the capital requirements of some financial institutions
The Colombian government issued Decree 415 of March 2 of 2018 which modifies the capital requirements applicable to trust companies, managers of pension and severance funds, stock brokerage companies, investment management companies and insurance companies.Major taxpayers obliged to issue electronic invoices
A new ruling by the DIAN, no. 010 dated February 6, 2018, requires major taxpayers - i.e. those classed as such pursuant to ruling no. 076 of 2016 - to issue electronic invoices in accordance with the provisions of decree 2242 of 2015. The tax authorities will be able to enforce compliance with this obligation as from September 1, 2018.Garrigues bolsters its tax practice in Brazil with the incorporation of Daniel Dix
Daniel Dix has more than eighteen years’ tax experience, most recently as a partner of PricewaterhouseCoopers (PwC). Daniel is a renowned expert in the area of indirect taxation and has participated in major transactions and advised large companies in a wide range of sectors, particularly the energy sector.