Latin America

EXPANSION

Dentons formalises Latin America links

Global megafirm Dentons has concluded its tie-ups with two firms in Mexico and Columbia, formally establishing its presence in Latin America.

DATA LEAK

Mossack Fonseca headquarters raided

The headquarters of Panamanian law firm Mossack Fonseca have been raided by police following a leak of more than 11 million documents that showed how wealthy people, including politicians and world leaders, used the firm to evade tax.

ALLIANCES

DLA Piper pulls out of Venezuela

The firm's Latin American presence has shrunk after ending its five-year relationship with Venezuelan outfit InterJuris.

LAW FIRM EXPANSION

Garrigues launches Chilean office

As part of its plans to expand in Latin America, Iberian firm Garrigues has announced a deal to integrate Chilean firm AvendaƱo Merino.

ECONOMICS

Venezuela faces Argentina-style legal drama if it defaults

Should plummeting oil prices force Venezuela's government to default on its debt, the lack of collective action clauses (CACs) on almost US$40bn worth of bonds could expose the oil-exporting country to a legal battle with holdout investors.

DISPUTE RESOLUTION

Argentina seeks out second law firm for debt advice

According to a source from the Argentina's economy ministry, the new government is searching for a second law firm to help resolve the country's long-standing battle with creditors suing it over its unpaid debt.

PETROBRAS SCANDAL

Top former A&O partner charged in Petrobras probe

The Allen & Overy partner who used to be head of its Dutch practice has been charged by the Brazilian Public Prosecutor's Office in relation to the long-running investigation into oil giant Petrobras.