Allende & Brea, Posse Herrera Ruiz, Carey, Posadas, Posadas
& Vecino and D’Empaire Reyna Abogados are helping
Canada's Fairfax Financial buy the commercial and consumer
insurance operations of American International Group (AIG) in
Argentina, Colombia, Chile, Uruguay and Venezuela.
Debevoise & Plimpton LLP in London and New York, Brigard &
Urrutia Abogados in Bogotá, Marval, O’Farrell &
Mairal in Buenos Aires, Claro & Cía in Santiago,
Pérez Bustamante & Ponce Abogados in Quito, Ferrere
(Uruguay) in Montevideo and Raffalli de Lemon Halvorssen Ortega y
Ortiz in Caracas advised AIG.
Allende & Brea is coordinating the US$240 million deal for
Fairfax from Buenos Aires. Dentons is representing the Canadian
company on the European portion of the transaction.
The deal was signed on 18 October and remains subject to
Counsel to AIG
Debevoise & Plimpton LLP
Partners Andrew Bab and John Vasily, and associates Angela Lee
and Kristen Matthews in New York, and partners David Innes, James
Scoville and Richard Ward, international counsel Timothy McIver,
and associates Timothy Merchant, Paul Eastham, Megan Atkinson,
Christopher Garrett, Laurence Hanesworth, Benjamin Lyon and
Anne-Mette Heemsoth in London
Brigard & Urrutia Abogados
Partners Dario Laguado and Lucas Moreno, and associates Lucas
Fajardo, Christian Díaz and Juan Sebastian Pardo in
Marval, O’Farrell & Mairal
Partners Patricia Lopez Aufranc and Fernando Hernández,
and associate Claudia Paluszkiewicz in Buenos Aires
Claro & Cía
Partner Rodrigo Ochagavía and associates Juan León
and Jaime Salas in Santiago
Partner Geraldine Ifrán and associates Belén
Hernández, Walter Planells, José María
Grondona and Martín Fridman in Montevideo
Pérez Bustamante & Ponce Abogados
Partners Diego Pérez Ordóñez and Juan
Gabriel Reyes, and associates Natalia Almeida, Andrés Brown
Pérez and Carmen Simone in Quito
Raffalli de Lemon Halvorssen Ortega y Ortiz
Partner José Manuel Ortega, associates Anais Figueroa*
and Isabel Ayllon in Caracas
*temporarily allocated full-time to AIG's local legal
Counsel to Fairfax
Allende & Brea
Partners Martin Argañaraz Luque, Jorge Mayora, Marcos
Patron Costas and Laura Santanatoglia, and associates Laura Kurlat,
Mariana Berger, Paula Costas, Santiago Cornejo, María
José Sanchez, Julieta Juan, Mariana Tomé Fuentes,
Analía Duran, Andres Chomczyk and Mauro Meloni in Buenos
Posse Herrera Ruiz
Partner Óscar Tutasaura and associates Diana Salazar and
Lina Lineros in Bogotá
Partner Marcos Rios and associates Matias Vergara, Fernanda
Anguita and Patricio Laporta in Santiago
Posadas, Posadas & Vecino
Partner Tomás Gurmendez and associate Andrés
Aznares in Montevideo
D’Empaire Reyna Abogados
Partners Fulvio Italiani, Inés Parra and Victorino
Marquez, and associates Paula Serra Freire and Franco Silva in
Counsel Keith Stein and associate Kris Miks in Toronto, and
partner Martin Mankabady in London
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Until the new Civil and Commercial Code of the Nation (Código Civil y Comercial de la Nación or CCCN) became in force on August 1, 2015, distribution agreements had not had statutory regulation in Argentina.
In order to remunerate the invested capital, Brazilian companies are allowed to distribute earnings to their shareholders in the form of dividends or under the concept of interest on net equity (juros sobre o capital próprio – JCP).
Brazil remains among the ten most-complex nations in the world for multinational companies to stay compliant with corporate regulation and legislation, although signs of improvement are showing.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).