Ten months after a hacking scandal hit one of Panama's top law firms, prosecutors in the Central American country have arrested Mossack Fonseca name partners Ramon Fonseca Mora and Jurgen Mossack in connection with a massive bribery scandal at a Brazilian conglomerate.
Ultrapetrol Bahamas Ltd., a company that floats energy boats throughout South America, filed for bankruptcy in New York on Feb. 6. Zirinsky Law Partners, a firm formed last year by a former top bankruptcy partner at three Am Law 100 firms, is advising Ultrapetrol along with Hughes Hubbard & Reed and Seward & Kissel.
Dentons, which has made a big push into the Latin American and Caribbean markets in the past year, has expanded its web of verein-style partnerships to Monterrey, Mexico, by combining with local firm Canales Zambrano y Asociados and forming an affiliate on the island of Barbados after taking on three lawyers from Canada's BCF.
Generic drugmaker Teva Pharmaceutical Industries Ltd. has agreed to pay more than $283 million to resolve criminal charges and fines over bribes to government officials in Russia, Ukraine and Mexico, in violation of the Foreign Corrupt Practices Act.
Brazilian construction conglomerate Odebrecht SA pleaded guilty to a single charge of conspiracy to violate provisions of the Foreign Corrupt Practices Act in a sweeping deal with U.S. prosecutors and authorities in Brazil and Switzerland.
Greenberg Traurig has been working on a couple of major deals in Mexico: a $409 million two-currency credit facility for a paper producer, and a joint venture that will have to be approved by Mexican regulators.
A fund for Victims of State Sponsored Terrorism will pay part of court judgements, including against Cuba and Iran, and turn the paid debt into a U.S. government negotiation bargaining chip, possibly easing a trade obstacle.
A decade-old case alleging that Chiquita Brand International financed Colombian death squads will move forward in U.S. courts after a federal judge on Tuesday rejected the company's argument that lawsuits filed against it by thousands of victims of Colombia's violent paramilitary groups should be heard in Colombia.
A federal judge in Albany ruled Nov. 21 that a woman who unknowingly married a Cuban spy cannot collect a Florida default judgment of $7.17 million against the Cuban government and the former spouse from accounts held as abandoned property by New York state using the Foreign Sovereign Immunities Act.
In case after case, the bogeymen of arbitration are going up in smoke, The Global Lawyer writes. But do critics rejoice when bad things happen to bad companies? No. Rather than celebrate good arbitral judgment, they insist the system remains broken.
Baker & McKenzie has elected its Latin America tax practice regional chairwoman Simone Musa to head the firm's global tax practice. She's the first woman to be appointed to their global tax practice chairmanship.
Brazilian aircraft manufacturer Embraer S.A. has agreed to pay more than $205 million under an agreement with U.S. regulators over allegations it bribed officials in the Dominican Republic, Saudi Arabia and Mozambique to win government contracts.
Jose Martin Davila, director of compliance for Starwood Hotels and Resorts Worldwide in the Americas and French Polynesia, has joined Squire Patton Boggs as of counsel in the firm's government investigations and white collar practice in Miami.
Eduardo Leite, who has served as chairman of Baker & McKenzie's executive committee for the past six years, will step down from that post at the end of October to focus on the firm's growth in Latin America and New York.
Sergio Alvarez-Mena, the former head legal counsel for the 11 U.S.-based private bank offices of Credit Suisse Securities, has joined the financial institutions litigation and regulation practice at Jones Day's Miami offices.
The U.S. further loosened its embargo of Cuba on Friday, lifting the cap on the value of merchandise that Americans can bring back from Cuba for personal use—including rum and cigars. But for attorneys in the U.S., a more significant change is that Americans and their companies can now enter contingent contracts with Cuban entities.
A judge has determined the copyrights to the telenovela that gave birth to the current U.S. television series "Jane the Virgin" belongs to RCTV networks and not to a screenwriter who wrote it over a decade ago in Caracas, Venezuela.
The Colombian peace agreement would have brought a formal end to half-a-century of bloodshed and a boost to the country's economy. The voters' rejection may make it harder to pass tax reforms that some say are needed to fund projects to grow the economy and integrate regionally.
An arbitration stemming from Chile's 1973 expropriation of a newspaper during the coup d'etat that toppled then-Chilean President Salvador Allende has concluded with an arbitral tribunal siding with the current Chilean government.
Since June, Dentons' Mexico City unit has been embroiled in a bitter "business divorce" dispute between the predecessor firm's co-founders over allegedly stolen client information and false marketing. The suit, filed in Mexico City, isn't starting out so well for Dentons.
Now that the Second Circuit has fully embraced Chevron Corp.’s view—that the $9.5 billion Ecuadorean judgment against it was rotten with fraud—is there any chance that either side will give up their case? Don't hold your breath.
DineEquity Inc., the parent company of IHOP and Applebee's, has been expanding into markets like Panama, Kuwait and the Philippines. Overseeing the overseas push has been a team of 11 in-house lawyers led by general counsel Bryan Adel.
When the Securities and Exchange Commission approached Key Energy Services Inc. about bribery allegations in Mexico, the company went into high gear. It launched a major internal investigation and reformed its compliance efforts, including shaking up its legal department.
Caetano "Cae" Altafin, an associate at Hogan Lovells in Rio de Janeiro, didn't spend the day of the opening ceremonies for the 2016 Summer Olympics in his office. Thanks to a transatlantic journey a year ago, he was busy running outside the stadium.
South Florida in-house counsel do more cross-border work with Latin America than most of their U.S. counterparts. And that's not always easy. But with the help of a growing in-house counsel network, they are sharing information, offering one another their international expertise and collaborating in ways that help their companies and their individual careers.
A development bank owned mostly by Latin American countries and private banks has approved $1.865 billion in loans for infrastructure projects in Argentina, Colombia, Trinidad and Tobago and four other nations.
On the heels of the Argentine Province of Buenos Aires closing its second $1 billion bond offering this year, the Province of Salta closed a $300 million offering last week, as the nation's provinces look to capital markets to improve ailing infrastructure and restart the economy.
With its epic bondholder litigation nearing resolution, Argentina called on longtime counsel Cleary Gottlieb Steen & Hamilton to guide its re-entry into global capital markets with a $16.5 billion bond offering.
It would have seemed routine in many places: A defendant accused of illegally possessing a gun sat across a gleaming courtroom from the judge who accepted his guilty plea and would pronounce his sentence. For Mexico, though, it was a remarkable change from a century-old judicial system of paper-shuffling court cases in which defendants rarely actually testified before the judge ruling on their fate from within a cramped, bureaucrat's office. As of Saturday, the open, oral trial will be the norm nationwide as part of a sweeping judicial reform.
A Brazilian state governor's declaration of a state of emergency and request for federal money to meet obligations in hosting the Olympics in Rio de Janeiro is being questioned on constitutional grounds and may lead to lawsuits, lawyers say.
A month after a settlement smoothed the way for Argentina's return to the global capital markets, Cleary Gottlieb Steen & Hamilton and Davis Polk & Wardwell led the way on a $280.5 million initial public offering by a Buenos Aires-based bank.
Attorney Stuart Grant must be spitting nails after a Delaware judge dismissed his shareholder suit against the directors of Wal-Mart Stores Inc. over the allegations of bribery in Mexico, because an Arkansas court—without the documents Grant turned up—has already ruled.
A federal prosecutor asked that former President Cristina Fernandez and her son be investigated for possible illegal enrichment in connection to two businessmen accused of money laundering and tax evasion.
Washington, D.C.-boutique Alvarez Martinez Law Firm claims that a former confidential informant for U.S. law enforcement in Colombia is refusing to safeguard $731,500 in contested legal fees from a $1.9 million settlement reached last month with the feds.
Companies or individuals should consider registering now in Cuba if they have any interest in marketing, sourcing, distributing or selling there. Otherwise, it could be problematic for their brand if an unauthorized third party files for registration first.
The law firm at the center of the Panama offshore accounts scandal routinely usurped the name of the Red Cross and other charities to help obscure the origin of millions of dollars in questionable funds, two newspapers involved in the investigation reported Sunday.
At least six law school classes have gone to Havana so far this semester and more schools are planning visits now that the U.S. government has eased travel restrictions and renewed diplomatic relations.
The U.S. Department of Justice on Tuesday launched a pilot program that could significantly reduce the criminal penalties for companies that self-report violations of the Foreign Corrupt Practices Act.
Panamanians have long shrugged off their country's checkered reputation as a financial haven for drug lords, tax dodgers and corrupt oligarchs. If they're crooks, they've learned from the world's wealthy nations, they like to joke.
Days after President Barack Obama's historic visit, the leaders of Cuba's Communist Party are under highly unusual public criticism from their own ranks for imposing new levels of secrecy on the future of social and economic reforms.
Speaker Paul Ryan promised that House Republicans would have a plan to help Puerto Rico deal with its $70 billion debt by the end of March, yet some island officials are finding the emerging draft difficult to swallow.
Burford Capital LLC announced Wednesday that its earnings topped $100 million in 2015, with commitments of $206 million, both new records for the publicly listed litigation financier, which has invested another $100 million in a law firm's litigation portfolio.
As President Barack Obama visits Cuba and prepares to address the Cuban people Tuesday on the anniversary of Patrick Henry's famous "give me liberty or give me death" speech, relations with Cuba aren't the only items on the U.S. agenda.
The Iberian legal giant has finalized a deal to integrate Chilean firm Avendaño Merino into its global network. Amid a shrinking market for high-end legal services in Spain, many of the country's top firms are looking to opportunities in Latin America.
President Barack Obama is wagering that reforging links between the U.S. and Cuba will do more to change Cuba's single-party government and centrally planned economy than a half-century of confrontation.
President Nicolas Maduro announced that Venezuela's top diplomat in Washington would be called back to Caracas to protest the decision to renew a U.S. decree imposing sanctions on several top officials from the South American country.
When John Slowik, the new chief compliance officer at Olympus America Inc., discovered the company was paying bribes to win business, he reported it to his bosses. Their way of fixing the problem: they fired him.
U.S. Immigration and Customs Enforcement has for years provided inadequate medical care at its detention facilities, leading to in-custody deaths, according to a report by a coalition of advocacy groups.
A lawyer for large U.S. hedge funds owning Argentine bonds said his clients have nearly settled on a $5 billion deal with Argentina to end a 15-year-old dispute that has interfered with the South American nation's efforts to end a debt crisis and gain a healthier footing in the world's financial markets.
The Cuban government has loosened travel restrictions on some of the island's best-known dissidents, granting them one-time permission to travel abroad ahead of President Barack Obama's trip to the island, activists said.